Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity..... ....$30,000 Employee federal income taxes payable $9,000 Equipment... Salaries payable .... 40,000 Federal unemployment taxes payable ... 200 34,000 FICA-Medicare taxes payable... 5,100 FICA-Social Security taxes payable.. .725 Accounts receivable Cash .3,100 50.000 Emplovee medical insurance pavable. 2.000

Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity..... ....$30,000 Employee federal income taxes payable $9,000 Equipment... Salaries payable .... 40,000 Federal unemployment taxes payable ... 200 34,000 FICA-Medicare taxes payable... 5,100 FICA-Social Security taxes payable.. .725 Accounts receivable Cash .3,100 50.000 Emplovee medical insurance pavable. 2.000

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 6E: On September 30, Cody Companys selected account balances are as follows: In general journal form,...

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