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On December 31, 2016, Big Company has a balance of $625.00 in the FUTA taxes payable account. This represents the employer's liability for the fourth

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On December 31, 2016, Big Company has a balance of $625.00 in the FUTA taxes payable account. This represents the employer's liability for the fourth quarter taxes. Journalize the entry that the company should make on January 31, 2017 to record the last payment of FUTA taxes for 2016

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