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Assume that the Chlo Dalcy Companies, Inc., faced the following liability situations at June 30, 2018, the end of the company's fiscal year. Show how

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Assume that the Chlo Dalcy Companies, Inc., faced the following liability situations at June 30, 2018, the end of the company's fiscal year. Show how Chlo Dalcy would report these liabilities on its balance sheet at June 30, 2018 Click on the icon to view the situations.) a Salary expense for the last payroll period of the year was $1,000,000 of this amount, employees' withheld income tax totaled $105,000 and FICA taxes were $65,000. These payroll amounts will be paid in early July (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Balance Sheet Account Amount Liabilities at June 30, 2018 Current liabilities Salary payable Employee Income tax payable 830,000 105,000 Choose from any list or enter annum b. The company estimates that its warranty expense for the fiscal year will be 1% of its $650 million in sales. One year ago, at June 30, 2017. Accrued Warranty Payable stood at $7 million Warranty payments were 54 million during the year ended June 30, 2018 (nter all amounts in whole dollars. Il a box is not used in the table leave the box emply do not select a label or enter a zero) Balance Sheet Account Amount Liabilities at June 30, 2018 Current liabilities Accrued warranty payable Long-term liabilities

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