Enter the following column headings to s, a across the top of a sheet of paper:

Enter the transaction/adjustment letter in the first column and show the effect, if any. of each transaction/adjustment on the appropriate balance sheet category or on net in-come by entering for each category affected the account name and amount, and indicating whether it is an addition (+) or a subtraction (-). Items that affect net income should nor also be shown as affecting stockholders' equity. You may also write the journal entries to record each transaction/adjustment.
a. Recorded the financing (capital) lease of a truck. The present value of the lease payments is $130,000; the total of the lease payments to be made is $156.000.
b. Recorded the company's payroll for the month. Gross pay was $14.400, net pay was $10,200, and various withholding liability accounts were credited for the difference.
c. Issued $42,000 of bonds payable at a price of 102.
d. Adjusted the estimated liability under a warranty program by reducing previously accrued warranty expense by $8,400.
e. Retired $24.000 face amount of bonds payable with a carrying value of $23.800 by calling them at a redemption value of 104.
f. Accrued estimated health care costs for retirees; $36.000 is expected to be paid within a year, and $310,000 is expected to be paid in more than a year.

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Transaction Current Noncurrent Current Noncurrent Stockholders Adjustment Assets Net Income Assets Liabilities Liabilities Equity