Question: I need help on this homework assignment, I have what I think the answers are but I'm a little unsure! Which of the following statements

I need help on this homework assignment, I have what I think the answers are but I'm a little unsure!

Which of the following statements is true?

A.Payroll Tax Expense has a debit normal balance.

B.Payroll Tax Expense increases on the debit side of the account.

C. FICAminusOASDI Payable is a liability.

D.All of these answers are correct.

Secret Trails received payment in full within the credit period for horse boarding for $ 900 plus 77% sales tax. Terms of the sale were 33/10, n/30. Which entry is required to record this? (Round intermediary calculations to the nearest cent and final answers to the whole dollar.)

A. Debit Cash, $ 900;credit Sales, $900

B.Debit Cash,$ 963 ;credit Sales, $963

C. Debit Cash, $ 936 ;credit Sales,$936

D. Debit Cash,$936;debit Sales Discount$27;credit Accounts Receivable, $963

Bank statement ending cash balance

$2,530

General ledger cash balance ending

4,350

Bank monthly service charge

40

Deposits in transit

2,900

Outstanding checks

1,300

NSF check returned with bank statement

180

Calculate, from the following information accumulated by Bob Clark, the adjusted cash balance at the end of April. a. 4,310 b. 4130 C.4,350 D. 5,430

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