a.	Sales of $2,500,000 are subject to estimated warranty cost of 7%. The estimated warranty payable at the beginning of the year was $37,000, and warranty payments for the year totaled $50,000.
b.	On September 1,Robson Electronics signed a $60,000 note payable that requires annual payments of $12,000 plus 5% interest on the unpaid balance each June 2.
c.	Music For You, Inc., a chain of music stores, ordered $105,000 worth of CD players. With its order, Music For You, Inc., sent a check for $135,000 in advance, and Robson shipped $70,000 of the goods. Robson's will ship the remainder of the goods on October 3, 2014.
d.	The September payroll of $220,000 is subject to employee withheld income tax of $30,600 and FICA tax of 7.65%. On September 30, Robson pays employees their take-home pay and accrues all tax amounts.

Requirement:

Report these items on Robson Electronics' balance sheet at September 30, 2014.

Select the statement account and label. Calculate each accounts' balance and the total current liability amount at September 30, 2014.

(Round all amounts to the nearest whole dollar. Leave any unused cells blank.)

Ten Mile Electronics

Balance Sheet (partial)

September 30, 2014

Current liabilities:

Estimated warranty payable

Current portion of long-term note payable

Interest payable

Unearned sales revenue

Estimated warranty payable

FICA tax payable

Total current liabilities

Long-term liabilities:

Note payable