AutoSave om F 2 0 Ex 3 Spring 20 Practice-2 - Compatibility M... - Last Modified: 17m ago Search august lindert ALE - x Comments File Home Insert Design Layout References Mailings Review View Help Share S E I Arial 11 A A Aa A E BIU* x x APA 211 - B AB CcDd. AaBb C AaBbCcl AaBhCeDd ABLCD Emphasis Heading 1 Heading 3 1 Normal Strong Find Replace Select Paste Dictate Editor Clipboard Seat Paragraph Styles Editing Voice Editor A company sells cars, with an included three-year warranty for $30,000 each. During the current year, the company sells 1,000 cars. On the basis of past experience, the warranty costs are estimated to be $1,250 per car. The actual warranty costs (paid in cash) by the company during the current year were $650,000. Prepare general journal entries to record the (A) estimated warranty expense and (B) warranty repair costs during current year 960 words Focus 3 -- + 100% Page 1 of 10 1 1135 AM Type here to search AutoSave om F 2 0 Ex 3 Spring 20 Practice-2 - Compatibility M... - Last Modified: 17m ago Search august lindert ALE - x Comments File Home Insert Design Layout References Mailings Review View Help Share HX S E 211 I Te Arial 11 A A Aa A E BIU* x x Al A AB CcDd. AaBb C AaBbCcl AaBhCeDd ABLCD Emphasis Heading 1 Heading 3 1 Normal Strong Find Replace Select Paste B Dictate Editor Clipboard Editing Voice Editor Paragraph Styles Problem 2 A company has 100 employees and a weekly payroll of $300,000. The FICA-social security tax is 6.2% and the FICA-Medicare tax is 1.45%. The total withholding for federal income tax is $85,500 and Wisconsin income tax withholding is $35,000 for the current week. Calculate the amount of FICA taxes owed (assuming no employee's salary is over the FICA limit) and prepare the journal entry to accrue this week's salaries expense and withholdings. 960 words Focus 3 -- Page 1 of 10 1 Type here to search + 100% 11:36 AM 5/10/20201 AutoSave om F 2 0 Ex 3 Spring 20 Practice-2 - Compatibility M... - Last Modified: 18m ago Search august lindert ALE - x Comments File Home Insert Design Layout References Mailings Review View Help Share S E 2 Arial 11 A A Aa A E BIU* x x APA 211 - B AB CcDd. AaBb C AaBbCcl AaBhCeDd ABLCD Emphasis Heading 1 Heading 3 1 Normal Strong Find Replace Select Paste Dictate Editor Clipboard Ceat Editing Voice Editor Paragraph Styles d. How much bond interest expense is recorded on the first interest date? e. What is the carrying value of the bonds after the first interest date? 960 words Focus 3 -- Page 2 of 10 1 Type here to search + 100% 11:36 AM 5/10/20201 " AutoSave om F 2 0 Ex 3 Spring 20 Practice-2 - Compatibility M... - Last Modified: 18m ago Search august lindert ALE - x Comments File Home Insert Design Layout References Mailings Review View Help Share X I 11 A A Aa A BIU* x x APA 21 - B ABCDd. AaBb C AaBbCcl AaBbced AaBuced Emphasis Heading 1 Heading 3 T Normal Strong Find Blace Select Paste Dictate Editor Clipboard Paragraph Styles Editing Voice Editor Problem 4 On January 1, 2013, Grant Corporation issued $600,000, 8%, 10-year bonds dated January 1, 2013, at 104. The bonds pay semi-annual interest on January 1 and July 1. The company uses the straight-line method of amortization and has a calendar year end. Instructions Prepare all the journal entries that Grant Corporation would make related to this bond issue through January 1, 2014. Be sure to indicate the date on which the entries would be made. 960 words Focus 3 -- Page 2 of 10 1 Type here to search + 100% 11:36 AM 5/10/20201 " AutoSave om F 2 0 Ex 3 Spring 20 Practice-2 - Compatibility M... - Last Modified: 18m ago Search august lindert ALE - x Comments File Home Insert Design Layout References Mailings Review View Help Share E I Arial 11 A A Aa A E BIU* x x Al A S l 211 -B AB CcDd. AaBb C AaBbCcl AaBhCeDd ABLCD Emphasis Heading 1 Heading 3 1 Normal Strong Find Replace Select Paste Dictate Editor Clipboard Cont Paragraph Styles Editing Voice Editor Problem 5 Huskie Products had the following (sequential) equity transactions during 2013. Journalize the transactions. For the dividend transactions indicate which class of stock received the dividend. 1. Sold (issued) 11,000 share of common stock, $1 par, for $31 per share 2. Sold 1,000 shares of $100 par, preferred stock for $110,000. The annual dividend rate is $11 per share. 3. Purchased 1,000 share of common stock for the treasury for $28 per share. 960 words Focus 3 -- Page 4 of 10 1 Type here to search + 100% 11:36 AM 5/10/20201 " AutoSave om F 2 0 Ex 3 Spring 20 Practice-2 - Compatibility M... - Last Modified: 18m ago Search august lindert ALE - x Comments File Home Insert Design Layout References Mailings Review View Help Share X S E I Arial 11 A A Aa A E BIU* x x ADA 211 AB CcDd. AaBb C AaBbCcl AaBhCeDd ABLCD DI Emphasis Heading 1 Heading 3 1 Normal Strong Find Replace Select Paste Dictate Editor Clipboard Font Paragraph Styles Editing Voice Editor 4. Declared a full year of dividends on preferred stock. 5. Paid dividends on preferred stock. 6. Declared a .40 (40 cent) dividend on common stock. 960 words Focus 3 -- Page 4 of 10 1 Type here to search + 100% 11:36 AM 5/10/20201