2) Alice and Janet are in an accounting class together and discussing the handling of a company’s payroll in general. One thing Janet was wondering is if there would ever be a time when there would not be a journal entry for SUTA Payable. And if so, when. Alice never thought of this before and isn’t sure what the answer is.

3) We just hired you as our new bookkeeper. You overheard a manager say that one of the companies biggest investors, Henry Ellison, had sold $50,000 worth of bonds in the bond market.

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