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Please show work :) Toledo Tool Company has the following balances in their general ledger payroll liability accounts: Payroll FICA tax payable-OASDI = $8, 560
Please show work :)
Toledo Tool Company has the following balances in their general ledger payroll liability accounts: Payroll FICA tax payable-OASDI = $8, 560 FICA tax payable-HI = $3, 400 Employee's FIT payable = $2.000 Employee's SIT payable = $2, 170 Journalize the payment of the federal taxes on July 15.2016. (Ignore posting references) Journalize the payment of the state income tax on July 31.2016. (Ignore posting references)Step by Step Solution
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