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Which financial statement balance would not be affected by recording

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Which financial statement balance would not be affected
by recording a year-end payroll accrual?
a. wage and salary expense
b. wages and salaries payable
c. payroll tax expense
d. federal unemployment taxes payable
e. liability for federal income taxes withheld
Solution
Answere : All above financial statement balance would be
effected by recording a year end payroll accrual.
Wages and salary expense Dr
Payroll tax expense Dr
Wages payable (Liability) Cr
Federal unemployment tax payalbe Cr ( Liability and
expense )
Liability for federal income tax withheld Cr (Liability)

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Which financial statement balance would not be affected by recording a year-end payroll accrual? a. wage and salary expense b. wages and salaries payable c. payroll tax expense d. federal unemployment taxes payable e. liability for federal income taxes withheld Solution Answere : All above financi ...
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