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Exercise 11.6 (Algo) Depositing federal unemployment tax. LO 11-6 On March 31, the Federal Unemployment Tax Payable account in the general ledger of The Article
Exercise 11.6 (Algo) Depositing federal unemployment tax. LO 11-6 On March 31, the Federal Unemployment Tax Payable account in the general ledger of The Article Company showed a balance of $1,495. 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 Bank. Record this transaction in general journal form
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