14. The month's payroll, paid on 1/31 needs to be recorded. Total payroll is $20,000 24,000 is withheld for federal taxes, 1,000 for state taxes, and 7.65% is withheld for FICA tax. 3 Account Debit Credit 25 4 26 27 28 29 130 131 132 15. On 10/31/2011 The company takes out a $120,000 bank loan and signs a 4 year note at 8% interest 133 paid every 3 months. Make Journals for the following 134 a. 10/31/2011 - record the loan b. 12/31/2011 - year end needs to have everything accurate including interest liabilities 136 c 1/31/2012 - it has been 3 months + 137 138 Date Account Debit Credit 135 139 140 141 142 143 144 145 146 147 146 147 Given the following Trial Balance for Year Ended 2019 Trial Balance Debit Credit 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 27,000.00 5,000.00 2,000.00 400.00 8,500.00 275.00 7,500.00 Cash Accounts Receivable Prepaid Insurance Inventory Computer Eauipment Accumulated Depreciation Long term Investments Accounts Payable Salary Payable Unearned Revenue Long term Loan Payable Common stock Retained earnings (beginning) Dividends Sales/Revenue Cost of Goods Sold Salary Expense Advertising Expense Insurance Expense Depreciation Expense Totals 17,500.00 1,000.00 700.00 540.00 17,500.00 11.250.00 3.200.00 9,000.00 170 171 1,000.00 1,600.00 750.00 540.00 275.00 57.765.00 172 173 174 175 176 177 178 179 180 57.765.00 181 16 Create the Multi step Income Satement below 182 183 184 185 186 187 188 189 190 191 Sheet1 Sheet2 Sheet3 +