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During January 2 0 2 2 , the following transactions occurred. ( Bonita Company uses the perpetual inventory system. ) Bonita paid $ 2 9
During January the following transactions occurred. Bonita Company uses the perpetual inventory system.
Bonita paid $ interest on the note payable on January The note is due December
Bonita purchased $ of inventory on account.
Bonita sold for $ cash, inventory which cost $ Bonita also collected $ in sales taxes.
Bonita paid $ in accounts payable.
Bonita paid $ in sales taxes to the state.
Paid other operating expenses of $
On January the payroll for the month consists of salaries and wages of $ All salaries and wages are subject
to FICA taxes. A total of $ federal income taxes are withheld. The salaries and wages are paid on February
Adjustment data:
Interest expense of $ has been incurred in January on the notes payable.
The insurance for the year was prepaid on December
The equipment was acquired on December and will be depreciated on a straightline basis over years with a
$ salvage value.
Employer's payroll taxes include FICA taxes, a state unemployment tax, and an federal unemployment tax.
Sales Revenue
$Steps for How to solve
Employer's payroll taxes include FICA taxes, a state unemployment tax, and an federal unemployment tax.
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