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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![Record accrual of payroll taxes.
E10.7 (LO 1), AP According to the accountant of Ulster Inc., its payroll taxes for the week were as follows: $137.68 for FICA taxes, $13.77 for federal unemployment taxes, and $92.93 for state unemployment taxes.
Instructions
- Journalize the entry to record payroll taxes.
Evaluate statements about bonds.](https://content.bartleby.com/qna-images/question/6501bcec-69f0-41c7-aaf6-9d4563ecc7cd/e12abe3b-d591-4eda-a8db-b5998542b0c2/fpo0ut_thumbnail.jpeg)
Transcribed Image Text:Record accrual of payroll taxes.
E10.7 (LO 1), AP According to the accountant of Ulster Inc., its payroll taxes for the week were as follows: $137.68 for FICA taxes, $13.77 for federal unemployment taxes, and $92.93 for state unemployment taxes.
Instructions
- Journalize the entry to record payroll taxes.
Evaluate statements about bonds.
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