On July 30 an analysis of the general ledger of Biomet Device Inc's shows the following credit balances: FICA Taxes Payable - OASDI $1,534.78 $358.94 $74.26 $383.69 $987.00 FICA Taxes Payable - HI FUTA Taxes Payable SUTA Taxes Payable Employees FIT Payable When the company makes its Federal Unemployment tax deposit it should record a credit to cash of:
On July 30 an analysis of the general ledger of Biomet Device Inc's shows the following credit balances: FICA Taxes Payable - OASDI $1,534.78 $358.94 $74.26 $383.69 $987.00 FICA Taxes Payable - HI FUTA Taxes Payable SUTA Taxes Payable Employees FIT Payable When the company makes its Federal Unemployment tax deposit it should record a credit to cash of:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:On July 30 an analysis of the general ledger of Biomet Device Inc.'s shows the following credit balances:
FICA Taxes Payable - OASDI
$1,534.78
$358.94
$74.26
$383.69
$987.00
FICA Taxes Payable - HI
FUTA Taxes Payable
SUTA Taxes Payable
Employees FIT Payable
When the company makes its Federal Unemployment tax deposit it should record a credit to cash of:
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