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)Credit $420
B)Debit $420
C)Credit $1,620
D)Debit $1,620

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)Credit $420 
B)Debit $420 
C)Credit $1,620 
D)Debit $1,620

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)Credit $420 
B)Debit $420 
C)Credit $1,620 
D)Debit $1,620

Rushing River Boats Has the Following Data in Its Social