Enchanted Creations has the following data in its Federal withholding tax payable General Ledger account: ACCOUNT Federal withholding tax payable ACCOUNT NO. 220
BALANCE
DATE DESCRIPTION POST REF. DEBIT CREDIT DEBIT CREDIT
Apr 16 J23 16,495 32,990
Apr 30 J27 16,495
What is the balance of the account as of April 30?
A) Debit $49,485
B) Credit $16,495
C) Debit $16,495
D) Credit $49,485
Correct Answer:
Verified
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