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On December 31, Reuter Company has a balance of $118.00 in the FUTA taxes payable account. This represents the employer's liability for the fourth quarter
On December 31, Reuter Company has a balance of $118.00 in the FUTA taxes payable account. This represents the employer's liability for the fourth quarter taxes. Journalize the entry Reuter Company should make in January to record the last transfer (payment) of FUTA taxes. If an amount box does not require an entry, leave it blank. 
Account Debit Credit FUTA Taxes Payable Cash
Journalize the entry Reuter Company should make in January to record the last transfer (payment) of FUTA taxes.
If an amount box does not require an entry, leave it blank.
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Modern Advanced Accounting in Canada
Authors: Hilton Murray, Herauf Darrell
8th edition
1259087557, 1057317623, 978-1259087554
