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Ch.10 Homework Question 7 of 11. View Policies Current Attempt in Progreis On January 1, 2022, the ledger of Blue Spruce Corp contained these liability
Ch.10 Homework Question 7 of 11. View Policies Current Attempt in Progreis On January 1, 2022, the ledger of Blue Spruce Corp contained these liability accounts Accounts Payable Sales Taxes Payable $52.100 9:000 Unearned Service Revenue 15300 inovo During January the following selected traction occurred Jan S Brow $27.00 in cash bom Apr Bank month 5% $27.600 note, Interest wil So merchandise forcing $700, which includes sales tas 12 child in Oecember 2021 39.000 1 @ 2 A- X P CM FW + ONE 97 2 79 63 # $ 4 C5 - 6 29 7 8 Q W E R T Y U A N S D F G H J X Alt - ^ C V B N M Question 7 of 11 < > -/9.09 During January, the following selected transactions occurred. Jan. 1 5 12 Borrowed $27,600 in cash from Apex Bank on a 4-month, 5%, $27,600 note. Interest will be paid at maturity. Sold merchandise for cash totaling $7,420, which includes 6% sales taxes. Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021, $9,000. 20 Sold 900 units of a new product on credit at $48 per unit, plus 6% sales tax. During January, the company's employees earned wages of $58,000. Withholdings related to these wages were $4,437 for FICA, $4.150 for federal income tax, and $1,250 for state income tax. The company owed no money related to these earnings for federal state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31. (a) Type here to search NO C 17 L FE 47F Cloudy AD be Maps mework Question 7 of 11 < -/9.09 E Journalize the January transactions. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Type here to search i Debit Credit 47F Cloudy
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