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4 Part 1 of 2 14.28 points Required Information [The following information applies to the questions displayed below) A company incurred the following transactions: a.
4 Part 1 of 2 14.28 points Required Information [The following information applies to the questions displayed below) A company incurred the following transactions: a. Wages of $1,500 accrued at the end of the prior fiscal period were paid this fiscal period. b. Real estate taxes of $4,050 applicable to the current period have not been accrued. c. Interest on bonds payable has not been accrued for the current month. The company has outstanding $480,000 of 8.5% bonds. d. The premium related to the bonds in partc has not been amortized for the current month. The current-month amortization is $80. e. Based on past experience with its warranty program, the estimated warranty expense for the current period should be 0.2% of sales of $696,000. t. Analysis of the company's income taxes indicates that taxes currently payable are $105.600 and that the deferred tax liability should be increased by $38.880. eBook Print References Required: a-1. Show the effect, if any, of each of the transactions/adjustments on the appropriate balance sheet category or on the income statement by selecting the amount and indicating whether it is an addition (+) or a subtraction (-). Transaction Adjustment a. Current Assets Current Liabilities Long-Term Debt Net Income b. d. e. f
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