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Prepare a jnun'ral entry fur the fullnwing transacb'uns: [In August Stb, Decreases in asset accnunts are recnrded as credits Increases in liability accuunts are recnrded

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Prepare a jnun'ral entry fur the fullnwing transacb'uns: [In August Stb, Decreases in asset accnunts are recnrded as credits Increases in liability accuunts are recnrded as credits increases in ertpense accuunts are recnrded as a debit Credit Cash in Bank fur $12,34.5 Credit Enrplc-yer's Federal 1ncnn1e Tax Payable fur $2533] Ernplnyees' State Incnnte Tart Payable fur $215!] Sncial Security Tart Payable fur SSSdl Medicare Tax Payable fur $1515.11]? Hnspital Prentiurns Payable fur $?S.S U.S Sayings Eunds Payable fur $25. Debit Salary Expense fur $13,452.?!)

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