As of the June 11 Pay Date,the General Ledger Account

question 28

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:

Ethical Development

The process of learning, understanding, and applying ethical principles and values in decision-making and behavior.

Sarbanes-Oxley Act

This act, enacted in 2002, aims to protect investors from the possibility of fraudulent accounting activities by corporations.

Corporate Fraud

It involves illegal activities undertaken by an individual or company in a deceitful manner, typically to gain a financial advantage.