Question: On March 31 2016 the Federal Unemployment Tax Payable account
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.
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