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a. During the year 201, Sampson Company had net credit sales of $950,000. Past experience shows that 0.8 percent of the firm's net credit sales

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a. During the year 201, Sampson Company had net credit sales of $950,000. Past experience shows that 0.8 percent of the firm's net credit sales result in uncollectible accounts. b. Equipment purchased by Park Consultancy for $33,000 on January 2, 20X1, has an estimated useful life of 10 years and an estimated salvage value of $1,900. What adjustment for depreciation should be recorded on the firm's worksheet for the year ended December 31, 20X1? c. On December 31, 20X1, Giant Plumbing Supply owed wages of $6,500 to its factory employees, who are paid weekly. d. On December 31, 20X1, Giant Plumbing Supply owed the employer's social security (6.2 percent) and Medicare (1.45 percent) taxes on the entire $6,500 of accrued wages for its factory employees. e. On December 31, 20X1, Giant Plumbing Supply owed federal (0.6 percent) and state (5.4 percent) unemployment taxes on the entire $6,500 of accrued wages for its factory employees. For each of the above independent situations, prepi 5 that must be made on the December 31,201, worksheet. (Round your answers to 2 decimal places.) Record an adjusting entry for uncollectible accounts. Record an adjustinq entry for social security Note: Enter debits before credits. and medicare taxes owed. Record an adjusting entry for depreciation. Record an adjusting entry for federal and state unemployment taxes owed

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