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Record the following transactions Issued Check No. 295 to the Internal Revenue Service in payment of FICA taxes accrued as of December 30 (FICA Taxes
Record the following transactions Issued Check No. 295 to the Internal Revenue Service in payment of FICA taxes accrued as of December 30 (FICA Taxes Payable- look at beginning trial balance for amount.) 10 10 Issued Check No. 296 to the Internal Revenue Service in payment of federal income taxes withheld as of December 30. (Employees Federal Income Taxes Payable -look at beginning trial balance for amount) 10 Issued Check No. 297 to Kyj and Cheatem Investment Company for $3,000 of equity marketable securities to hold excess cash. (This should be debited to Investments-Available for Sale Securities -Account number 109.) Issued Check No. 298 to Robert O'Leary's Distributors in full settlement of the December 30 purchase, Invoice No. 1002, terms n/20. 11 11 Issued Ch eck No. 299 to Salvatore Dimeo's Boats in full settlement of our account for the two purchases early this month. (Recall the credit memorandum on the 6th.) (Note that when paying suppliers within a discount period, one must credit Merchandise Inventory) 15 Check No. 300 voided. (No entry needed.) Sold boat supplies on account to Brandon Baker Boats, for S1,700 (Cost $1000). Issued Invoice No. 721. 15
Record the following transactions
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