What happens to a business's accounts when it receives cash from sale? The cash account is credited, and sales is debited
the cash account is debited, and sales is credited
both accounts are debited
both accounts are credited

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .