The following accounts, with the balances indicated, appear in the ledger of Cod

Question

The following accounts, with the balances indicated, appear in the ledger of Codigo Co. on December 1 of the current year:

The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December:

On page 11 of the journal:

On page 11 of the journal:

Account No. Account Name Balance 211 Salaries Payable — 212 Social Security Tax Payable $2,913 213 Medicare Tax Payable 728 214 Employees Federal Income Tax Payable 4,490 215 Employees State Income Tax Payable 4,078 216 State Unemployment Tax Payable 1,260 217 Federal Unemployment Tax Payable 360 218 Bond Deductions Payable 2,300 219 Medical Insurance Payable 2,520 511 Sales Salaries Expense 700,000 512 Officers Salaries Expense 340,000 513 Office Salaries Expense 125,000 519 Payroll Tax Expense 59,491

Explanation / Answer

The following accounts, with the balances indicated, appear in the ledger of Cod

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