RECORDING VARIOUS LIABILITIES. Prepare the entry to record each of the following liabilities:

a) Purchase merchandise on credit for $20,000.

b) Record at year-end wages of $7,600 incurred but not paid. Related federal income tax of $1,200, FICA tax at $280, and state income tax of $195 are withheld.

c) Record at year-end estimated income taxes payable but unpaid for the year in the amount of $21,300. i

d) Sell merchandise on account for $872, including sales tax of $32.

e) Pay employees $11,226, which does not include previously recorded amounts for related federal income tax withheld of $2,300, related FICA tax withheld of $1,154, and related state income tax withheld of $410.

f) Record employer’s share of FICA tax for the period, $1,154.

g) Borrow cash under a 90-day, 9%, $9,000 interest-bearing note.