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TCO D) Green Co. pays a weekly payroll of $100,000 that includes federal taxes withheld of $40,500, FICA taxes withheld of $22,000, and 401(k) withholdings
TCO D) Green Co. pays a weekly payroll of $100,000 that includes federal taxes withheld of $40,500, FICA taxes withheld of $22,000, and 401(k) withholdings of $25,500. What is the effect of assets and liabilities from this transaction? (Points : 5) Assets decrease $100,000 and liabilities do not change Assets decrease $12,000 and liabilities increase $12,000 Assets increase $88,000 and liabilities increase $12,000. Assets decrease $12,000 and liabilities increase $88,000. 5. (TCO D) Which of the following is generally associated with payables classified as accounts payable? Periodic Payment Secured Of Interest by Collateral a. No No b. No Yes c. Yes No d. Yes Yes (Points : 5) a b c d need in 10 minates
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