The Following Totals for the Month of June Were Taken

question 67

Multiple Choice

The following totals for the month of June were taken from the payroll register of Ford Company. The entry to record accrual of Ford Company's payroll taxes would include a

• A) debit to Payroll Tax Expense for $2,693
• B) credit to Payroll Tax Expense for $2,693
• C) credit to FICA Taxes Payable for $1,160.
• D) credit to Payroll Tax Expense for $1,160.

---

Definitions:

Notes Receivable

Financial assets representing amounts owed to a company by entities or individuals, typically evidenced by a written promissory note.