As of the June 11 Pay Date, the General Ledger

question 53

Multiple Choice

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

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Definitions:

Exogamous

Referring to a social arrangement where marriage is only permitted outside a social group or community.

Endogamous

Pertaining to the practice of marrying within a specific social group, caste, or ethnicity, often to maintain cultural or religious continuity.

Incestuous

Involving sexual relations between close relatives who are forbidden by law or cultural norms to marry.

Economic Unit

A group of individuals, typically members of a family, seen as a single entity for economic and financial analysis.