What is the effect of each of the following postings upon the assets, liabilities, and owner’s equity of a company?
by Henry
(Robhino)
Q: What is the effect of each of the following postings upon the assets, liabilities, and owner’s equity of a company?
1. A debit to Wages,
2. A credit to FICA Taxes Payable—HI.
3. A debit to SUTA Taxes Payable, and
4. A credit to Cash
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