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On December 31, Reuter Company has a balance of $98.75 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 $98.75 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. Date Account Titles and Description PR Dr. Cr. 5 7 3 3 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

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