D Question 31 10 pts Five transactions are given below for Jupiter Company. 1. Jupiter Company borrowed $40,000 from Second Bank by issuing a one-year note payable with a stated interest rate of 4%. Check No. 618 for $40,000 was received from the bank and deposited. 2. Judy Atwood is the only employee of Jupiter Company. She worked 87 hours regular time and 3.5 hours overtime during the first two weeks of December. She is paid $19.50 per hour. She had $324 of federal income tax withheld from his pay. The FICA tax rate is 7.65%. The gross pay is not subject to state unemployment of 3.55% and federal unemployment of 6%. The payroll check number is 684 and it is dated December 15. 3. On credit, Jupiter Company sold and shipped $3,500 of inventory on December 19 to Extra Company accounts receivable account 489). The invoice number is 694. The terms of the sale are 4/10, net 30. 4. On December 26, Jupiter Company received $3,360 from the above December 19 sale to Extra Company 5. On December 28, Jupiter Company issued check 114 in the amount of $4,410 for a December 12th purchase of $4,500 of inventory from Best Company Caccounts payable account 234). The terms of the purchase were 2/20.net 30. The December 12 purchase of the inventory has already been recorded. Required: Record each transaction in the proper format in the correct special journal on the answer page you printed. You can use the provided chart of accounts for account numbers. BIA-A- IEE 3. 3 - 1 . 12pt - x', EE Paragraph - SALES JOURNAL Cred Meme Acts Ree PROBLEM 31 CASH RECEIPTS JOURNAL C Cash GL 10100 GL 30300 Aceto Postal CASH DISBURSEMENTS JOURNAL Payable G/L 20100 Freisin GL 30000 PAYROLL JOURNAL DEDUCTIONS Growy LLO FICA 2000 Fedine Tax 2000 Net Pay 19100 R D Question 31 10 pts Five transactions are given below for Jupiter Company. 1. Jupiter Company borrowed $40,000 from Second Bank by issuing a one-year note payable with a stated interest rate of 4%. Check No. 618 for $40,000 was received from the bank and deposited. 2. Judy Atwood is the only employee of Jupiter Company. She worked 87 hours regular time and 3.5 hours overtime during the first two weeks of December. She is paid $19.50 per hour. She had $324 of federal income tax withheld from his pay. The FICA tax rate is 7.65%. The gross pay is not subject to state unemployment of 3.55% and federal unemployment of 6%. The payroll check number is 684 and it is dated December 15. 3. On credit, Jupiter Company sold and shipped $3,500 of inventory on December 19 to Extra Company accounts receivable account 489). The invoice number is 694. The terms of the sale are 4/10, net 30. 4. On December 26, Jupiter Company received $3,360 from the above December 19 sale to Extra Company 5. On December 28, Jupiter Company issued check 114 in the amount of $4,410 for a December 12th purchase of $4,500 of inventory from Best Company Caccounts payable account 234). The terms of the purchase were 2/20.net 30. The December 12 purchase of the inventory has already been recorded. Required: Record each transaction in the proper format in the correct special journal on the answer page you printed. You can use the provided chart of accounts for account numbers. BIA-A- IEE 3. 3 - 1 . 12pt - x', EE Paragraph - SALES JOURNAL Cred Meme Acts Ree PROBLEM 31 CASH RECEIPTS JOURNAL C Cash GL 10100 GL 30300 Aceto Postal CASH DISBURSEMENTS JOURNAL Payable G/L 20100 Freisin GL 30000 PAYROLL JOURNAL DEDUCTIONS Growy LLO FICA 2000 Fedine Tax 2000 Net Pay 19100 R
