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Concord Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2022, Concord sells 16,500 subscriptions beginning

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Concord Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2022, Concord sells 16,500 subscriptions beginning with the December issue. Concord prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. (a) Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Bonita Company sells automatic can openers under a 75-day warranty for defective-merchandise. Based on past experience, Bonita estimates that 3% of the units sold will become defective during the warranty period. Management estimates that the average cost of replacing or repairing a defective unit is $20. The units sold and units defective that oceurred during the last 2 months of 2022 are as follows. (a) Prepare the journat entry to record the costs incurred in honoring 1,078 warranty claims. (Assume actual costs of $21.560.) (Credit aceount titles are automotically indented when amount is entered. Do not indent manuolly.) Prepare the journal entry to record the costs incurred in honoring 1,078 warranty claims. (Assume actual costs of $21,560 ) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) eTextbook and Media List of Accounts Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Kathleen Garza's regular hourly wage rate is $29, and she receives a wage of 13/2 times the regular hourly rate for work in excess of 41 hours. During a March weekly pay period, Kathleen worked 45 hours. Her gross earnings prior to the current week were $6,000. Kathleen is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30.00 per week. MARRIED Persons - WEEKLY Payroll Period (Enr Wacee Daid throush December 2022) Question 5 of 8 MARRIED Persons - WEEKLY Payroll Period (For Wages Paid through December 2022) Compute the following amounts for Kathleen's wages for the current week. (Round all answers to 2 decimal places, e.s. 52.55.) (1) Gross earnings. (2) FICA taxes. (Assume a 7.65% rate on maximum of $132,900). Compute the following amounts for Kathleen's wages for the current week. (Round all answers to 2 decimal places, es. 52.55.)

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