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At September 30,2022, the end of the first year of operations at Lukancic Incorporated, the...

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Accounting

At September 30,2022, the end of the first year of operations at Lukancic Incorporated, the firms accountant neglected to accrue payroll taxes of $2,189 that were applicable to payrolls for the year then ended.
Exercise 7-9(Algo) Part c
c. Assume that when the payroll taxes were paid in October 2022, the payroll tax expense account was charged. Assume that at September 30,2023, the accountant again neglected to accrue the payroll tax liability, which was $2,660 at that date. Determine the income statement and balance sheet effects of not accruing payroll taxes at September 30,2023.
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