Rushing River Boats has the following data in its Social Security tax payable General Ledger account:

It is a monthly schedule depositor. What entry should appear in the General Ledger to reﬂect the tax remittance on February 15?
A)Debit $1,620
B)Credit $1,620
C)Debit $420
D)Credit $420

Question

Rushing River Boats has the following data in its Social Security tax payable General Ledger account:

It is a monthly schedule depositor. What entry should appear in the General Ledger to reﬂect the tax remittance on February 15?
A)Debit $1,620 
B)Credit $1,620 
C)Debit $420 
D)Credit $420

Quizplus · Accepted Answer

The Answer of Rushing River Boats has the following data in its Social Security tax payable General Ledger account:

It is a monthly schedule depositor. What entry should appear in the General Ledger to reﬂect the tax remittance on February 15?
A)Debit $1,620 
B)Credit $1,620 
C)Debit $420 
D)Credit $420

Rushing River Boats Has the Following Data in Its Social