On September 30, Cody Companys selected account balances are as follows: In general journal form, prepare the

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On September 30, Cody Company€™s selected account balances are as follows:

In general journal form, prepare the entries to record the following:
Oct. 15 Payment of liabilities for FICA taxes and the federal income tax.
31 Payment of liability for state unemployment tax.
31 Payment of liability for federal unemploymenttax.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:22 AM

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On September 30, Cody Companys selected account balances are as follows: In general journal form, prepare the

Question:

Employees Federal Income Tax Payable FICA Taxes Payable (employer, $2,604.46; employee, $1764.31) State Unemployment Tax Payable Federal Unemployment Tax Payable $4,738.00 4,368.77 2,200.00 (Some employees have 570.00 reached the limit.)

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GENERAL JOURNAL PAGE POST DATE DESCRIPTION REF DEBIT CREDIT 20 Oct 15 Employees Fe...View the full answer

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