Journalize the entry Reuter Company should make in January2014 to record the last transfer (payment)…

On December 31, 2013, Reuter Company has a balance of $98.75 in the FUTA taxes payable account. This represents the employer’s liability for the fourth quarter taxes. Journalize the entry Reuter Company should make in January2014 to record the last transfer (payment) of FUTA taxes for 2013.

 

 

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