Enchanted Creations Has the Following Data in Its Federal Withholding

question 35

Multiple Choice

Enchanted Creations has the following data in its Federal withholding tax payable General Ledger account:

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

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Definitions:

Divisional Vice President

An executive-level position responsible for overseeing a specific division within a company, ensuring its performance and alignment with overall corporate goals.

Semiconductor Manufacturer

A semiconductor manufacturer is a company involved in the fabrication of semiconductor devices, essential components in electronic devices.

Management's Approval

An endorsement or sanction by the managerial level of an organization for a proposal, plan, or action.

Drafting

The process of drafting refers to creating preliminary versions of documents or designs.