Exercise 11.4 (Algo) Depositing federal unemployment tax. LO 11-6 On March 31, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of $1,491. This represents the FUTA tax owed for the first quarter of the year. On April 30, the firm deposited the amount owed in the First Security National Bank. Record this transaction in general journal form. View transaction list Journal entry worksheet < Record entry for FUTA deposited. >