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.... . 40,000 Federal unemployment taxes payable ..........200 34,000 FICA-Medicare taxes payable....... 5,100 FICA-Social Security taxes payable... Salaries payable.... Accounts receivable Cash......... .725 3,100 . 50,000 Employee medical insurance payable. .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.... . 40,000 Federal unemployment taxes payable ..........200 34,000 FICA-Medicare taxes payable....... 5,100 FICA-Social Security taxes payable... Salaries payable.... Accounts receivable Cash......... .725 3,100 . 50,000 Employee medical insurance payable. .2,000
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section: Chapter Questions
Problem 5AP
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