On March 31, 2016, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of $1,507. This represents the FUTA tax owed for the first quar ter of the year. On April 30, 2016, the firm issued a check to deposit the amount owed in the First Security National Bank. Record this transaction in general journal form.Use 14 as the page number for the general journal.
Answer to relevant QuestionsOn June 30, 2016, the State Unemployment Tax Payableaccount in the general ledger of Alan Office Sup plies showed a balance of $2,148. This represents the SUTA tax owed for the second quarter of the year. On July 31, 2016, ...1. On July 15, the firm issued a check to deposit the federal income tax withheld and the FICA tax (both employee and employer shares for the third month [June]). Based on yourcomputations in Problem 11.2A, record the ...Certain transactions and procedures relating to federal and state unemployment taxes are given below for The Game Wizard, a retail store owned by Helen Kim. The firm’s address is 4560 LBJ Freeway, Dallas, TX 75232-6002. ...On December 1, 2016, Jim's Java Joint borrowed $50,000 from its bank in order to expand its oper ations. The firm issued a four-month, 6 percent note for $50,000 to the bank and received $49,000 in cash because the bank ...Based on the information below, record the adjusting journal entries that must be made for June Kang Consulting Services on December 31, 2016. The company has a December 31 fiscal year-end. Use 18 as the page number for the ...
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