Answer:
Option B is the correct answer,a credit to salaries payable for $10,350
Explanation:
First of all,the net payment of salaries of Arcon Company equal the gross salaries expenses of $14,000 minus the deductions except the federal unemployment tax of $210
Net pay=$14,000-$1,050-$2,600=$10,350
In to record the salaries,the salaries expense account would be debited with $14,000 while the social security and medical taxes payable and federal income taxes payable account are credited with $1,050 and $2,600 respectively.
The net pay of $10,350 is credited to salaries payable in expectation of actual payment
No reporting is made on the government-wide financial statements.
<u>Explanation:</u>
Cash of $60,000 transferred to the debt service fund from the general fund.
The transfer was noted completely within the Government Activities. Hence, there was no net change on the total amounts posted. A liability is posted on the government-wide financial statements. Also, such statements record economic resources.
Answer:
A
Explanation:
There was no question, so...