During Year 11, Pacilio Security Services experienced the following transections: 1. Paid the sales tax payable from Year 10 2. Paid the balance of the payroll liabilities due for Year 10 (federal income tax, FICA taxes, and unemployment taxes). 3. Issued 5,000 additional shares of the $5 par value common stock for $8 per share 4. Issued 1,000 shares of $50 stated value, 5 percent cumulative preferred stock for $52 per share. 5. Purchased $500 of supplies on account. 6. Purchased 190 alarm systems at a cost of $310. Cash was paid for the purchase. 7. After numerous attempts to collect from customers, wrote off $3,670 of uncollectible accounts receivabl 8. Sold 210 9. Record the cost of goods sold related to the sale from Event 8 using the FIFO method 10. Billed $125,000 o O alarm systems for $600 ea s sales tax of 5 percent. All sales were on account. f monitoring services for the year. Credit card sales amounted to $58,000, and the credit card company charged a remaining $67,000 were sales on account. Sales tax is not charged on this service 11. Replenished the petty cash fund on June 30. The fund had $10 cash and receipts of $75 for yard mowing and $15 for office supplies expense 12. Collected the amount due from the credit card company 13. Paid the sales tax collected on $105,000 of the alarm sales 14. Collected $198,000 of accounts receivable during the year 15. Paid installers and other employees a total of $96,000 for salaries for the year. Assume the Social Security tax rate is 6 percent and the Medicare tax rate is 1.5 percent. Federal income taxes withheld amounted to $10,600. No employee exceeded $110,000 in total wages. The net salaries were paid in cash 16. On October 1, declared a dividend on the preferred stock and a $1 per share dividend on the common stock to be paid to shareholders of record on October 15, payable on November 1, Year 11 17. Paid $1,625 in warranty repairs during the year 18. On November 1, Year 11, paid the dividends that had been previously declared. 19. Paid $18,500 of advertising expense during the year 0. Paid $6,100 of utilities expense for the year. 21. Paid $9,200 of the Employee Income Tax Payable, $5,280 of the FICA Tax -Soc. Sec. Tax Payable and $1,320 of the FICA Ta Medicare Tax Payable. Also, paid the Payroll Tax Expense for the 75% employer matching of FICA taxes on $88,000 of salaries 22. Paid the accounts payable. 23. Paid bond interest and amortized the discount. The bond was issued in Year 10 and pays interest at 6 percent 24. Paid the annual installment of $14,238 on the amortized note. The interest rate for the note is 7 percent Paid the sales tax payable from Year 10. Note: Enter debits before credits Debit Credit General Journal Date Dec 31 Paid the balance of the payroll liabilities due for Year 10 (federal income tax, FICA taxes, and unemployment taxes). Note: Enter debits before credits. Debit Credit General Journal Date Dec 31 Issued 5,000 additional shares of the $5 par value common stock for $8 per share. Note: Enter debits before credits. General Journal Date Debit Credit Dec 31 Issued 1,000 shares of $50 stated value, 5 percent cumulative preferred stock for $52 per share. Note: Enter debits before credits. Debit Credit General Journal Date Dec 31 Purchased 190 alarm systems at a cost of $310. Cash was paid for the purchase. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 After numerous attempts to collect from customers, wrote off $3,670 of uncollectible accounts receivable. Note: Enter debits before credits. Credit Debit General Journal Date Dec 31 Sold 210 alarm systems for $600 each plus sales tax of 5 percent. All sales were on account. Note: Enter debits before credits. Credit Debit General Journal Date Dec 31 Record the cost of goods sold related to the sale from Event 8 using the FIFO method Note: Enter debits before credits. Debit Credit General Journal Date Dec 31 Billed $125,000 of monitoring services for the year. Credit card sales amounted to $58,000, and the credit card company charged a 4 percent fee. The remaining $67,000 were sales on account. Sales taxi service s not charged on this Note: Enter debits before credits. Debit Credit General Journal Date Dec 31 Replenished the petty cash fund on June 30. The fund had $10 cash and receipts of $75 for yard mowing and $15 for office supplies expense. Note: Enter debits before credits. Date Jun 30 General Journal Debit Credit Collected the amount due from the credit card company. Note: Enter debits before credits. Credit Debit General Journal Date Dec 31 Paid the sales tax collected on $105,000 of the alarm sales. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31 Collected $198,000 of accounts receivable during the year. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31 Paid installers and other employees a total of $96,000 for salaries tor the year Assume the Social Security tax rate is 6 percent and the Medicare tax rate is 1.5 percent. Federal income taxes withheld amounted to $10,600. No employee exceeded $127,200 in total wages. The net salaries were paid in cash Note: Enter debits before credits. General Journal Date Debit Credit Dec 31 On October 1, declared a dividend on the preferred stock and a $1 per share dividend on the common stock to be paid to shareholders of record on October 15, payable on November 1, Year 11. Note: Enter debits before credits. Date General Journal Debit Credit Oct 01 On November 1, Year 11, paid the dividends that had been previously declared. Note: Enter debits before credits. Debit Credit General Journal Date Nov 01 Paid $18,500 of advertising expense during the year Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Paid $6,100 of utilities expense for the year. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Paid $9,200 of the Employee Income Tax Payable, $5,280 of the FICA Tax- Soc. Sec. Tax Payable and $1,320 of the FICA Tax-Medicare Tax Payable Also, paid the Payroll Tax Expense for the 7.5% employer matching of FICA taxes on $88,000 of salaries. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Paid bond interest and amortized the discount. The bond was issued in Year 10 and pays interest at 6 percent. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31