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On October 15, Cross Eyeglasses had a balance of $4,390 in its Social Security tax payable account and $1,026.69 in its Medicare Tax Payable account.
On October 15, Cross Eyeglasses had a balance of $4,390 in its Social Security tax payable account and $1,026.69 in its Medicare Tax Payable account. It posted credit entries of $4,390 to Social Security tax payable and $1,026.69 to Medicare tax payable on its October 31 pay date. If Cross Eyeglasses is a monthly schedule depositor, what entry should appear on November 15 for the remittance of the month's FICA taxes? Multiple Choice Credit $5,416.69 Debit $10,833.38 Credit $1,026.69 Debit $4,390
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