ARC Co. owes the following amounts for payroll taxes and employees’ withholding of Social Security, Medicare, and federal income tax as of April 15: Prepare the journal entries for: (a) Deposit of the...

ARC Co. owes the following amounts for payroll taxes and employees’ withholding of Social Security, Medicare, and federal income tax as of April 15:

Prepare the journal entries for:


(a) Deposit of the employees’ federal income taxes and the Social Security and Medicare taxes on April 15.


(b) Deposits of the FUTA and SUTA taxes on April 30.




May 26, 2022
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