During the month of March, Carla Vista Co.'s employees earned wages of $66,000. Withholdings related to these wages were. $5,049 for FICA $7,920 for federal income tax, $3,300 for state income tax, and $396 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $660 for state unemployment tax. (a) Your answer is correct. Prepare the necessary March 31 journal entry to record salaries and woges expense and salaries and wages payable. Assume that wages earned during March will be paid during April. (List all debit entries before credit entries. 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 0 for the amounts.) Prepare the entry to record the company's payroll tax expense. (List all debit entries before credit entries. 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 ofor the amounts.) Sheridan Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost \$28 per year. During November 2025, Sheridan sells 10,500 subscriptions for cash, beginning with the December issue. Sheridan 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. The company has a December 31 year-end. (a) Prepare the entry in November for the receipt of the subscriptions. (List all debit entries before credit entries. Credit account titles are automotically 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.) Prepare the adjusting entry at December 31,2025 , to record subscription revenue in December 2025. (List all debit entries before credit entries. 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 0 for the amounts.) On August 1,2025, Swifty Corporation issued $505,200,8%,10-year bonds at face value. Interest is payable annually on August 1 . Swifty's year-end is December 31. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (tist all debit entries before credit entries. Credit occount titles are outomatically 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.] Prepare the journal entry to record the accrual of interest on December 31, 2025. (List all debit entries before credit entries. 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 tities and enter O for the amounts.) eTextbook and Media List of Accounts Attempts: 0 of 3 used (c) The parts of this question must be completed in order, This part will be avalable when you complete the part above: Carla Vista Co0 issued $700,000,10-year, 7% bonds at 103 . (a) Prepare the journal entry to record the sale of these bonds on January 1, 2025. (List all debit entries before credit entries. 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.) Suppose the remaining Premium on Bonds Payable was $12,600 on December 31,2028 . Show the balance sheet presentation on this date. Prepare the journal entry to record the sale of these bonds on January 1.2025. (List all debit entries before credit entries. Credit account tittes 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 ofor the amounts.) Suppose the remaining Discount on Bonds Payable was $12,600 on December 31,2030 . Show the balance sheet presentation on this date. Pharoah Company issued $380,000 of 6%,20-year bonds on January 1,2025 , at face value. Interest is payable annually on January 1 . (a) Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries, Credit account titles are outomatically 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.)
