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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 18
Depositing federal unemployment tax.
On March 31, 2013, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of $1,497. This represents the FUTA tax owed for the first quarter of the year. On April 30, 2013, 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.
On March 31, 2013, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of $1,497. This represents the FUTA tax owed for the first quarter of the year. On April 30, 2013, 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.
Explanation
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The journal entry to record th...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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