As of the June 11 pay date, the General Ledger account for Burling Mills has a balance of $14,289 in its Federal withholding tax payable account. A credit of $16,250 is recorded on the June 25 pay date. What is
The balance in the account?
A) Debit $1,961
B) Debit $30,539
C) Credit $1,961
D) Credit $30,539

Question

Quizplus · Accepted Answer

To find the balance in the account, we need to add the credit of $16,250 to the previous balance of $14,289 and subtract any other debits that may have been recorded during the period.

Balance as of June 11: $14,289
Credit recorded on June 25: $16,250
Balance as of June 25: $30,539 (14,289 + 16,250)

Therefore, the correct answer is D, Credit $30,539.

As of the June 11 Pay Date, the General Ledger