Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

GI, Hnancial Accounting, so Ramning! 107 min Cholce Question 101 On January 1, 2020, Orlole Company, a calendar-year company, issued $956000 of notes pwyable, of

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
GI, Hnancial Accounting, so Ramning! 107 min Cholce Question 101 On January 1, 2020, Orlole Company, a calendar-year company, issued $956000 of notes pwyable, of which is duran ay to presentation on December 31, 2020, Is: Long-term debt, $956000. O Current liabilities, $239000; Long-term Debt, $717000. O Current liabilities, $956000. O Current liabilities, $717000; Long-term Debt, $239000. Click If you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Immel, Financial Accounting, so Remaining: 106 min. ple Choice Question 107 A cash register tape shows cash sales of $3720 and sales taxes of $250. The Journal entry to record this information is 3970 O Cash Sales Tax Payable Sales Revenue 250 3720 3970 3970 O Cash Sales Revenue O Cash Sales Revenue Sales Taxes Revenue 3970 3720 250 3720 250 Cash Sales Tax Expense Sales Revenue 3970 Click If you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy sett OSOURCES Multiple Choice Question 113 The following totals for the month of April were taken from the payroll records of Metlock Company Salaries $124800 FICA taxes withheld 9550 Income taxes withheld 26000 Medical Insurance deductions 4700 Federal unemployment taxes 330 State unemployment taxes 2250 The journal entry to record the monthly payroll on April 30 would indude a O debit to Salaries and Wages Payable for $124800. O credit to Salaries and Wages Payable for $124800. Honor Code Mudple Choice Question 82 Mulele Choko Question 82 Multiple Choice muestion 101 ultiple Choice uestion 1OZ Itiple Choice estion 113 diple Choice stion 114 ple Choice tion 116 sle Choice on 154 de Choice on 179 Choice 180 Choice 7181 Choice 205 Choice 220 hoice 21 oice 22 nice O debit to Salaries and Wages Expense for $84550. O debit to Salaries and Wages Expense for $124800. Click If you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential 3 ce Remaining: 105 min Multiple Cholce Question 114 The following totals for the month of April were taken from the payroll records of Wildhorse Co.. Salaries $129600 FICA taxes withheld 9910 Income taxes withheld 27000 Medical Insurance deductions 4900 Federal unemployment taxes 350 State unemployment taxes 2330 The entry to record the payment of net payroll would include a O debit to Salaries and Wages Payable for $87790. SIGNMENT SOURCES m 3 Honor Code Mudple Choice Question 87 u/Male Choice uestion 82 ultiple Choice westion 101 Itiple Choice estion LOZ diple Choice stion 113 iple Choice stion 114 ble Choice -ion 116 Je Choice on 154 Choice an 179 Choice 180 Choice 181 Choice 205 hoice 20 oice 21 bice 2 jce 2 O debit to Salaries and Wages Payable for $77880. O debit to Salaries and Wages Payable for $85460. O credit to Cash for $97700. Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Pa TOMER End Time: 07:07 PM / Remaining: 105 min NMENT RCES Multiple Cholce Question 116 The following totals for the month of April were taken from the payroll records of Vaughn Manufacturing Salaries $122400 FICA taxes withheld 9360 Income taxes withheld 25500 Medical Insurance deductions 4600 Federal unemployment taxes 330 State unemployment taxes 2200 The entry to record the accrual of federal unemployment tax would include a Code le Choice on 81 le Choice on 82 e Choice on 101 Choice 10Z Choice 2113 choice 114 Choice 116 hoice 54 olce 79 bice 0 ice debit to Federal Unemployment Taxes Expense for $330. O credit to Federal Unemployment Taxes Payable for $330. O credit to Payroll Tax Expense for $330. O debit to Federal Unemployment Taxes Payable for $330. 3 Click If you would like to Show Work for this question: Open Show Work By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy Kimmel, Financial Accounting, 9e End Time: 07:07 PM / Remaining: 105 min Multiple Choice Question 154 On January 1, 2020, $2800000, 5-year, 10% bonds, were issued for $2968000. Interest is paid rely on January 11 the wing carportion the on bonds payable, the monthly amortization amount is O $24732 O $2800. $33600 O $3360. Click If you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor UGC wilcyplus.com LUS Kimmel, Financial Accounting, so End Time: 07:07 PM / Remaining: 104 min. Multiple Choice Question 179 Pharoah Company received proceeds of $618000 on 10-year, 7% bonds issued on January 1, 2015. The bondado price of 105. Pharoah uses the straight-line method of amortization. What is the amount of interest expenser 0 $42120 O $43260 O $49720 O $45920 Click If you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Efficient Auditing Of Private Companies A Guide To Audit Planning Implementation And Control

Authors: The Institute Of Chartered Accountants

1st Edition

1841400432, 978-1841400433

More Books

Students also viewed these Accounting questions