'Employee income tax payable' presentation slideshows

Current and Long-Term Liabilities

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Chapter

Chapter. 7. Skyline College. A service business is a business that sells services. . A merchandising business is a business that sells goods purchased for resale. . A manufacturing business is a business that sells goods that it has produced. . The three types of business operations are:.

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Current Liabilities and Payroll

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Purchased merchandise on account.

Purchased merchandise on account. Accounts Payable. Purchases. Sold merchandise on account with sales tax. Accounts Receivable. Sales. Sales Tax Payable. Paid the sales tax liability. Sales Tax Payable. Cash. Paid the payroll. Salary Expense. Social Security Tax Payable.

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