authorized issue 000 shares ors1 one Company is mmon stock and 80,000 shares of 3%, $40 par value preferred stock. he company sells a product that includes a one-year cords estimated warranty payable each month. Customers are hargeda7% state sales tax. The company uses a perpetual ventory ystem. There are three employees that are paid a monthly salary on he last day of the month. to 200 par ale (Click the icon to view the chart of accounts. The Boone Company completed the following transactions during th last quarter of 2018, its first year of operations: warranty and Click the icon to view the transactions.) Finally, prepare the calculations for employer payroll taxes liabilities for December. Tax OASDI Medicare SUTA FUTA Taxable Earnings Amount 14,000.00 S 868.00 4,000.00 6000 32.40 3.60 S 1,107.00 600.00 Requirement 2. Record the transactions in the general journal. Omit explanations. (Record debits first, then credits. Exclude explanations from any journal entries. Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the chart of accounts.) Oct. 1: Issued 30,000 shares of $1 par value common stock for cash of $14 per share. Date Accounts and Explanation Debit Credit Oct 1 Enter any number in the edit fields and then click Check