Data Table Accounts Payable $ 116.000 Interes: Payable 0 Salaries Payable 0 0 0 Employee Income Taxes Payable FICE-OASD! Taxes Payao e FICA-Medicare Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable 0 0 Unearned Ren: Revenue Long-Term Note: :yacle Pont Done i More Info a. b. The long-term debt is payable in annual installments of $54,000, with the next installment due on July 31. On that date. Quick Ship will also pay one year's interest at 8%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue interest expense at year-end. Gross unpaid salaries for the last payroll of the fiscal year were $4,200. Assume that employee income taxes withheld are $970 and that all earnings are subject to OASDI. Record the associated employer taxes payable for the last payroll of the fiscal year. $4,200. Assume that the earnings are not subject to unemployment compensation taxes. On February 1, the company.collected one year's rent of $7,500 in advance. d. Print Print Done Done ion * More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $118.500 earned: Medicare: 1.45% up to $200.000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118.500 earned; Medicare: 1.45% on all eamings. Print Done Requirements 1. Using the T-accounts opened for you, insert the unadjusted June 30 balances 2. Journalize and post the June 30 payroll and adjusting entries to the accounts. Identify each adjusting entry by letter. Round to the nearest dollar. 3. Prepare the current liabilities section of the balance sheet at June 30, 2018 Print Done Score: 0 of 34 pts P11-25A (similar to) Question Help The general ledger of Quick Ship at June 30, 2018, the end of the company's fiscal year, includes the following account balances before payroll and adjusting entries Ck the icon to view the account balances) The additional data needed to develop the payroll and adjusting is at June 30 are as follows Chok the icon to view the additional information) Chok the icon to view pay tax rate information Read the b e set the nadated June 10 ne Jeme n June 30 austing entries to recounts. Identity each Requirements and 2. Uning the accounts opened for you entry by ear. Round to the nearest doar o powing the T e cord de frut then the plan on the one of the We w art with Recurement 2.mang the journal entre entry table to She will pay one years rest 1. Ona se u The long-term det payable in annualm ente of 64.000, with the next lendus on Jy of the preceding Ye Macedang entry oorweeres expense year-end Accounts and Explanation and then click Check Choose from any list or enter any number in the inputs Check Ansar 5 Pemaning b efore payrondgers the end of the company's years Co the won to the account balances) The additional data needed to device the payroll and get area Cho the conto the tonalidation) Click the one w payroll tax Read information) The long-term des payable in a liments of 54.000, whene July 1 of the preceding year Make the adjusting entry to interest e m ent due on July 31. Orada Quick She wil d