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10:29 classroom.google.com Current Liabilities-Discussion Questions 1. Company XYZ issued a 50-day short term note pable with a f rate of 8%. Record the journal entry
10:29 classroom.google.com Current Liabilities-Discussion Questions 1. Company XYZ issued a 50-day short term note pable with a f rate of 8%. Record the journal entry for the issuance discount of 2% 2. Assuming a 30-day period has passed since the tours, record the journal entry for the discount amortization using the straight line method 3. Record the journal entry for the repayment of the short am not payable at the end of its 60- day term. 4. Company ABC sells products with a warranty provision of of $50,000, record the journal entry for the estimad 5. Assume Company DEF has an estimated income income. Record the journal entry for the recogni 6. If the actual income tax liability is $23,000, record the jou tax liability. value of $20,000 and an interest nete assuming it was issued at a sales if the company makes sales ability at the time of sale + e based on its taxable 7. Company LMN has two employees-Employee X with a monthly salary of $5,000 and Employee Y journal entries for their with an hourly wage o
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