A B E H 96 You are the accountant for Security Software. The month just ended 1/31/2002. 97 Create journal entries for the following: 98 99 11. During the month software sales were 50,000, all on account, and sales tax is 8.5% 100 in addition to that amount. Describe the above with a journal entry: 101 102 Account Debit Credit 103 104 105 106 107 12. On Feb 15th you send this sales tax from number 11 to the state. Make the Journal Account Debit Credit 108 109 110 111 112 113 114 13. Customers also were invoiced $12,000 for 1 year maintenance contracts. Describe the 115 transaction. (there is no sales tax on this) Account Debit Credit 116 117 118 119 120 121 12214. The month's payroll, paid on 1/31 needs to be recorded. Total payroll is $20,000 123 4,000 is withheld for federal taxes, 1,000 for state taxes, and 7.65% is withheld for FICA tax. Account Debit Credit 124 125 126 127 128 129 130 131 132 133 15. On 10/31/2011 The company takes out a $120,000 bank loan and signs a 4 year note at 8% interest 134 paid every 3 months. Make Journals for the following 135 a. 10/31/2011 - record the loan 136 b. 12/31/2011 - year end needs to have everything accurate including interest liabilities 137 c 1/31/2012 - it has been 3 months 138 139 Date Account Debit Credit 140 141 142