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LO 2,3 *** Practice Exercises 2, 3 Show me HOW EXERCISE...

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Accounting

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LO 2,3 *** Practice Exercises 2, 3 Show me HOW EXERCISE 8-6 On September 30, Cody Company's selected account balances are as follows: Employees' Federal Income Tax Payable $4,738.00 FICA Social Security Tax Payable (employer, $2,110.80; employee, $2,110.80) 4,221.60 FICA Medicare Tax Payable (employer, $493.66; 987.32 employee, $493.66) State Unemployment Tax Payable 2,200.00 (Some employees have Federal Unemployment Tax Payable 570.00 reached the limit.) In general Journal form, prepare the entries to record the following: Oct. 15 Payment of liabilities for FICA taxes and the federal income tax. 31 Payment of liability for state unemployment tax. 31 Payment of liability for federal unemployment tax

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