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3.LO 8.4 When Beerbo is not using its facilities to brew and ferment beer, it offers other craft breweries to rent its facilities. Mitter Lite

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3.LO 8.4 When Beerbo is not using its facilities to brew and ferment beer, it offers other craft breweries to rent its facilities. Mitter Lite contracts with Reetba to rent Restba's facilities. Assume Reerbo and Mitter have a December 31 fiscal year-end. 3.a. The following transactions take place between Beerbo and Mitter: April 1, 2022: Mitter pays Beerba $10,000 cash (plus sales tax) to rent Beecbo's facilities during the month of April. Sales tax collected is 10% of sales revenue. April 28, 2022: Mitter completes its use of Reecba's facilities: Reecbo has effectively earned the revenue from renting its facilities to Mitter. April 29, 2022: Reetbe remits sales tax to the state taxing authorities. April 30, 2022: Beecbe accrues salary expense of $4,000; taxes withheld are as follows: 12% for employee income tax O 8% for FICA tax May 1, 2022: Beerbo pays employees for salaries accrued on April 30, 2022. May 2, 2022: Beerbo remits employee income tax and FICA tax to the federal taxing authorities. May 8, 2022: Mitter purchases 100 kegs of beverage from Reecbo for cash; each keg sold has a 30-day warranty, details of the transaction are as follows: o $30 price per keg o $12 cost per keg o 10% sales tax May 9, 2022: Beerbe accrues for estimated warranty costs associated with its sale of 100 kegs to Mitter; kegs returned from customers are replaced details of the accrual are as follows: o 5% estimated returns $12 cost per keg replaced o Policy and procedure for returns under warranty: Reecbe accepts and examines the spoiled contents in the kegs returned Reecbo empties, cleans, and sanitizes the kegs of spoiled beverage: Beerbo refills / replenishes the kegs with fresh beverage from Reetba's existing inventory stockpile (at the standard cost per keg). Reecbo remits the replenished kegs of fresh beverage to the customer. May 12, 2022: Mitter returns two kegs of beverage under warranty. Assume Bestbo has the follow accounts in its ledger: Cash Salary Expense Cost of Goods Sold Salary Payable Employee Income Tax Payable Sales Revenue Estimated Warranty Liability Sales Tax Payable FICA Tax Payable Unearned Rent Revenue Inventory Warranty Expense . . . . . . Rent Revenue 3.a.i.Indicate the journal entry that Beerbo would record for each transaction above. QUESTION 11 P.3.a.i. Fill in the relevant information below for the April 28 transaction. Use the drop-down options, select "blank)" if zero or no input is necessary DR. CR. QUESTION 12 P.3.a.i. Fill in the relevant information below for the May 1 transaction. Use the drop-down options, select "blank)" if zero or no input is necessary DR. CR. QUESTION 13 P.3.a.l. Fill in the relevant information below for the May 2 transaction. Use the drop-down options, select "blank)" if zero or no input is necessary DR. DR. $320 CR ... $ QUESTION 14 P.3.a.i. Fill in the relevant information below for the May 9 transaction. Use the drop-down options, select "blank)" if zero or no input is necessary DR. CR QUESTION 15

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