Calcount pays a weekly payroll of 85000 that includes

Reference no: EM13595085

CalCount pays a weekly payroll of $85,000 that includes federal taxes withheld of $12,000, FICA taxes withheld of $6,890, and 401(k) withholdings of $7,000. What is the effect of assets and liabilities from this transaction?

Reference no: EM13595085

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