12 Indicate whether the item described below affects the bank OR book side of a bank reconciliation. Choose the letter that corresponds to your answer. A. Bank B. Book NSF Checks QUESTION 13 Indicate whether the item described below affects the bank OR book side of a bank reconciliation. Choose the letter that corresponds to your answer. A. Bank B. Book Deposits in transit Helix Co. entered into the following transactions involving short-term notes payable. On May 14, Helix signed a 60-day, $30,000 note bearing 8% annual interest. Helix Co. paid all amounts due on the maturity date. The maturity date of the note is on QUESTION 14 Tx 2 points Save Answer C 3 points Save Answer = = = Helix Co. entered into the following transactions involving short-term notes payable. On May 14, Helix signed a 60-day, $30,000 note bearing 8% annual interest. Helix Co. paid the amounts due on the maturity date. Record the journal entry on May 14. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). QUESTION 15 BIUS Paragraph Arial 10pt > !!! III A N > Tx XQ ? = = = > Helix Co. entered into the following transactions involving short-term notes payable. On May 14, Helix signed a 60-day, $30,000 note bearing 8% annual interest. Helix Co. paid the amounts due on the maturity date. Record the journal entry on the maturity date. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS P Paragraph Arial 10pt !!! ||| A > > 0 WORDS POWERED BY TINY 5 points Save Answer Starling Company sells merchandise for $24,000 cash on March 31 (cost of merchandise is $12,300). The sales tax law requires Starling to collect 8.25% sales tax on every dollar of merchandise sold. Record the journal entry for the sale and its applicable sales tax. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). QUESTION 17 BIUS Paragraph Arial 10pt !!! E A Ix x 0 Q = = = QUESTION 18 2.5 points Save Answer A company sells its product subject to a warranty that covers the cost of parts for repairs during the six months after the date of sale. Warranty costs are estimated to be 6% of sales. During the month of June, the company performed warranty work and used $12,000 of parts to perform the warranty work. Sales for June were $450,000. Record the journal entry warranty expense for the month of June. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIU S P Paragraph Arial 10pt !!! E !!! A > Ix 26 K Q = => = = = 0 WORDS POWERED BY TINY A company sells its product subject to a warranty that covers the cost of parts for repairs during the six months after the date of sale. Warranty costs are estimated to be 6% of sales. During the month of June, the company performed warranty work and used $12,000 of parts to perform the warranty work. Sales for June were $450,000. Record the journal entry for the costs of the warranty work completed in June. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS P Paragraph Arial 10pt !!! !!! A Tx * 0 Q 0 WORDS POWERED BY TINY QUESTION 20 The summary of the payroll for all employees for the month ended July 31 shows the following: Salaries Federal inocme tax withheld Medical insurance withheld $160,000 32,300 7,370 FICA Social Security Tax withholding rate 6.2% 1.45% 0.8% 3.1% FICA Medicare Tax withholding rate Federal unemployment tax rate State unemployment tax rate Out of the total salaries of $160,000, only $25,000 of salaries were subject to the federal and state unemployment taxes. REQUIRED: Record the journal entry for the employer's salaries expense. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIU S Paragraph Arial 10pt ||| A Tx = 5 points Save Answer QUESTION 21 The summary of the payroll for all employees for the month ended July 31 shows the following: Salaries Federal inocme tax withheld Medical insurance withheld $160,000 32,300 7,370 FICA Social Security Tax withholding rate 6.2% 1.45% 0.8% 3.1% FICA Medicare Tax withholding rate Federal unemployment tax rate State unemployment tax rate Out of the total salaries of $160,000, only $25,000 of salaries were subject to the federal and state unemployment taxes. REQUIRED: Record the journal entry for the employer's payroll taxes expense. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt !!! > !!! = = A Tx 5 points Save