Question
A company incurred the following transactions: A. Wages of $2,450 accrued at the end of the prior fiscal period were paid this fiscal period. b.
A company incurred the following transactions:
A. Wages of $2,450 accrued at the end of the prior fiscal period were paid this fiscal period.
b. Real estate taxes of $6,600 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 $780,000 of 8.5% bonds.
D. The premium related to the bonds in part c has not been amortized for the current month. The current-month amortization is $130. E. Based on past experience with its warranty program, the estimated warranty expense for the current period should be 0.2% of sales of $1,131,000.
F. Analysis of the company's income taxes indicates that taxes currently payable are $171,600 and that the deferred tax liability should be increased by $63,180. a-2. Record the journal entries to show each transaction/adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Note: Enter debits before credits.
Wages of $2,450 accrued at the end of the prior fiscal period were paid this fiscal period
|
Real estate taxes of $6,600 applicable to the current period have not been accused ?
Interest on bonds payable has not been accused for the current month. The company has outstanding $780,000 of 8.5% bonds?
The premium related to the bonds in part c has not been amortized for the current month. The current-month amortization is $130?
Based on past experience with its warranty program, the estimated warranty expenses for the current period should be o.2% of sales of $1,131,00?
Analysis of the company's income taxes indicates that taxes currently payable are $171,600 and that the deferred tax liability should be increased by $63,180?
Each of these questions need to be in a graph like above.
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