FINANCIAL ACCOUNTING
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.
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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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