Assuming a semiweekly depositor, from the following T accounts, record: (a) The July 3 payment for FICA
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(a) The July 3 payment for FICA (OASDI and Medicare) and federal income taxes,
(b) The July 31 payment of SUTA tax, and
(c) The July 31 deposit of any FUTA tax that may be required.
Transcribed Image Text:
FICA OASDI Payable 203 FICA Medicare Payable 204 June 30 410 (EE) 410 (ER) June 30 130 (EE) 130 (ER) FIT Payable 205 FUTA Payable 206 June 30 3,005 June 30 139 SUTA Payable 207 June 30 616
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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