What is the effect of each of the following postings upon the assets, liabilities, and owner's equity

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What is the effect of each of the following postings upon the assets, liabilities, and owner's equity of a company?
a. A debit to Wages.
b. A credit to FICA Taxes Payable-HI.
c. A debit to SUTA Taxes Payable.
d. A credit to Cash.

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Payroll Accounting 2016

ISBN: 978-1337072649

26th edition

Authors: Bernard J. Bieg, Judith Toland

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Question Posted: Oct 25, 2016 10:55 AM

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What is the effect of each of the following postings upon the assets, liabilities, and owner's equity

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a A debit to Wages increases operating expenses and decreases the cash account The increase in opera...View the full answer

Payroll Accounting 2016

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