Indicate which of the following items apply to the following account titles. 1. An asset 2. A
Question:
1. An asset
2. A liability
3. An expense
4. Appears on the income statement
5. Appears on the balance sheet
a. FICA OASDI Payable
b. Office Salaries Expense
c. Federal Income Tax Payable
d. FICA Medicare Payable
e. Wages and Salaries Payable
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A 2 A liability 5 Appears on the balance sheet B ...View the full answer
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