ACCT 567 WEEK 4 PROBLEMS 7-3 AND 7-8

ACCT 567 WEEK 4 PROBLEMS 7-3 AND 7-8 To view more, visit following link http://unquite.com/question-details/ACCT-567-WEEK-4-PROBLEMS-7-3-AND-7-8/2759 or email us [email protected] ACCT 567 WEEK 4 PROBLEMS 7-3 AND 7-8 During the fiscal year ended September 30, 2011, the following transactions (summarized) occurred: 1. Employees were paid $290,000 wages in cash; additional wages of $43,500 were withheld for federal income and social security taxes. The employer’s share of social security taxes amounted to $23,375. 2. Cash remitted to the federal government during the year for withholding taxes and social security taxes amounted to $65,500. 3. Utility bills received from the Town of Fredericksburg’s Utility Fund during the year amounted to $23,500. 4. Office expenses paid in cash during the year amounted