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a. During the year 2019, Sampson Company had net credit sales of $1,100,000. Past experience shows that 0.6 percent of the firm's net credit sales

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a. During the year 2019, Sampson Company had net credit sales of $1,100,000. Past experience shows that 0.6 percent of the firm's net credit sales result in uncollectible accounts. b. Equipment purchased by Park Consultancy for $28,180 on January 2, 2019, has an estimated useful life of 9 years and an estimated salvage value of $1,000. What adjustment for depreciation should be recorded on the firm's worksheet for the year ended December 31, 2019? c. On December 31, 2019, Giant Plumbing Supply owed wages of $4,900 to its factory employees, who are paid weekly. d. On December 31, 2019, Giant Plumbing Supply owed the employer's social security (6.2 percent) and Medicare (1.45 percent) taxes on the entire $4,900 of accrued wages for its factory employees e. On December 31, 2019, Giant Plumbing Supply owed federal (0,6 percent and state (5.4 percent) unemployment taxes on the entire $4,900 ot accrued wages for its factory employees. For each of the above Independent situations, Prepare the adjusting entries that must be made on the December 31, 2019, worksheet (Round your answers to 2 decimal places.) Journal entry worksheet 1 2 3 4 5 Record the adjustment for uncollectible accounts. Note: Enter debits before credits General Journal Dobit Credit Date Dec 31, 2019 Journal entry worksheet Record the adjustment for depreciation. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry view panerat Journal View general journal Journal entry worksheet ces Record the adjustment for wages owed. Note Enter debits before credits General Journal Dobit Credit Date Dec 31, 2019 Record entry Clear entry View general journal View general Journal Journal entry worksheet Record the adjustment for social security and medicare taxes owed. Noter Enter debits before credits General Journal Dobit Credit Dec 31, 2019 Record entry Clear entry View senarai pourra! View general Journal Journal entry worksheet 1 2 3 4 cos Record the adjustment for federal and state unemployment taxes owed. Note: Enter debits before credits Date General Journal Dobit Credit Dec 31, 2019 Record entry Clear entry Vlow general Journal

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