A 22. On July 1, 2022, Paige paid its Notes together with the interest expense due in full. (Repayment of Notes) \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} In August 2022, Lanzandra Corp has a total payroll for the month of January of $50,000 for its 10 employees. Details are provided below: \begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ EEDERL \& STATE INCOME TAX WITHHELD } \\ \hline Federal and State Income tax withheld & $8,500 \\ \hline Healthinsurancepremiums(BlueCross)paidbyemployer & 3,000 \\ \hline Contributiontoretirementplan(Fidelity)paidbyemployer & 4,500 \\ \hline FICA tax rate (Social Security and Medicare) & 7.65% \\ \hline Federal and state unemployment tax rate & 6.20% \\ \hline \end{tabular} 23. On Aug. 31, 2021, Paige Corp. record employee salary expense and withholdings (Income Tax Payable, FICA Tax Payable and Salary Payable) \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 24. On Aug 31, 2022 Paige Corp. recorded the employer-provided fringe benefits \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 41 42 25. On Sept 1, 2022, Paige Corp. paid salaries and its employee related liabilities including salaries payable in full. 43 44 45 \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 2 JOURNALIZE THE FOLLOWING TRANSACTIONS 3 1. On Jan 1, 2021, Paige Corporation sells 12,000 season tickets at \$40 each for its twelve monthly movie schedules in 2021. 4 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 2. On Jan. 6, 2021, Paige Corp. purchased supplies on account for $4,000. 9 10 11 12 \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 13 3. On Jan 31, 2021, Paige Corporation hosted the first monthly movie show. 14 15 16 17 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline \end{tabular} 18 4. On Feb. 12, 2021, Paige Corp. received utility bill from AT\&T for $1,500. 19 20 21 22 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline 5. On Feb 31, 2021, Paige Corporation & & \\ \hline \end{tabular} 23 5. On Feb 31, 2021, Paige Corporation hosted the second monthly movie show. 24 25 26 27 28 6. On March. 31, 2021, Paige Corp. owes office rent fee of $6,000. 29 30 31 32 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline 7. On April 7,2022, Paige Corp. received electric bill from Entergy for $700. & \\ \hline Date & Accounts & Debit & \\ \hline & & & Credit \\ \hline & & & \\ \hline \end{tabular} 15. On August 15, 2021, Paige Corporation declared a dividend of $35,000. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 16. On Oct. 8, 2021, Paige Corp. paid half of its AT\&T bill. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 17. On Nov. 4, 2021, Paige sold sound system devices for \$30,000. Paige Corporation also provided a one-year warranty against the product defect. Based on previous experience, Paige expects warranty cost to be approximately 5% sales. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 18. On Nov 4, 2021, Paige Corp. recorded warranty expense for the year. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 19. On Dec 1, 2021, Paige Corp. paid all the dividends it declared on August 15, 2021. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 20. On Dec 25, 2021, warranty guarantee claims costing $100 paid to customers for the purchase made in October 2021. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \\ \hline \multicolumn{2}{|l|}{ 21. On Dec 31, 2021, Paige Corp. accrued (recorded) interest expense. } \\ \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} A 22. On July 1, 2022, Paige paid its Notes together with the interest expense due in full. (Repayment of Notes) \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} In August 2022, Lanzandra Corp has a total payroll for the month of January of $50,000 for its 10 employees. Details are provided below: \begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ EEDERL \& STATE INCOME TAX WITHHELD } \\ \hline Federal and State Income tax withheld & $8,500 \\ \hline Healthinsurancepremiums(BlueCross)paidbyemployer & 3,000 \\ \hline Contributiontoretirementplan(Fidelity)paidbyemployer & 4,500 \\ \hline FICA tax rate (Social Security and Medicare) & 7.65% \\ \hline Federal and state unemployment tax rate & 6.20% \\ \hline \end{tabular} 23. On Aug. 31, 2021, Paige Corp. record employee salary expense and withholdings (Income Tax Payable, FICA Tax Payable and Salary Payable) \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 24. On Aug 31, 2022 Paige Corp. recorded the employer-provided fringe benefits \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 41 42 25. On Sept 1, 2022, Paige Corp. paid salaries and its employee related liabilities including salaries payable in full. 43 44 45 \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 2 JOURNALIZE THE FOLLOWING TRANSACTIONS 3 1. On Jan 1, 2021, Paige Corporation sells 12,000 season tickets at \$40 each for its twelve monthly movie schedules in 2021. 4 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 2. On Jan. 6, 2021, Paige Corp. purchased supplies on account for $4,000. 9 10 11 12 \begin{tabular}{|l|l|l|l|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 13 3. On Jan 31, 2021, Paige Corporation hosted the first monthly movie show. 14 15 16 17 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline \end{tabular} 18 4. On Feb. 12, 2021, Paige Corp. received utility bill from AT\&T for $1,500. 19 20 21 22 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline 5. On Feb 31, 2021, Paige Corporation & & \\ \hline \end{tabular} 23 5. On Feb 31, 2021, Paige Corporation hosted the second monthly movie show. 24 25 26 27 28 6. On March. 31, 2021, Paige Corp. owes office rent fee of $6,000. 29 30 31 32 \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline 7. On April 7,2022, Paige Corp. received electric bill from Entergy for $700. & \\ \hline Date & Accounts & Debit & \\ \hline & & & Credit \\ \hline & & & \\ \hline \end{tabular} 15. On August 15, 2021, Paige Corporation declared a dividend of $35,000. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 16. On Oct. 8, 2021, Paige Corp. paid half of its AT\&T bill. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 17. On Nov. 4, 2021, Paige sold sound system devices for \$30,000. Paige Corporation also provided a one-year warranty against the product defect. Based on previous experience, Paige expects warranty cost to be approximately 5% sales. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 18. On Nov 4, 2021, Paige Corp. recorded warranty expense for the year. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 19. On Dec 1, 2021, Paige Corp. paid all the dividends it declared on August 15, 2021. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 20. On Dec 25, 2021, warranty guarantee claims costing $100 paid to customers for the purchase made in October 2021. \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \\ \hline \multicolumn{2}{|l|}{ 21. On Dec 31, 2021, Paige Corp. accrued (recorded) interest expense. } \\ \hline Date & Accounts & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}