I have completed a lot of the first question but need help with the rest of this week's accounting work.

Thank you

Leeanne

Problem 11-1A On January 1, 2014, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $55,470 8,230 16,290 During January, the following selected transactions occurred. Jan. 5 12 Sold merchandise for cash totaling $13,176, which includes 8% sales taxes. Performed services for customers who had made advance payments of $10,620. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2013 ($8,230). 20 Sold 950 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty. 21 Borrowed $27,000 from Girard Bank on a 3-month, 8%, $27,000 note. 25 Sold merchandise for cash totaling $8,856, which includes 8% sales taxes. Don't show me this message again for the assignment Your answer is correct. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 5 Account Titles and Explanation Cash Debit Credit 13176 Sales Reve Sales Taxe Jan. 12 12200 976 Unearned S 10620 Service Re Jan. 14 Sales Taxe Cash 10620 8230 8230 Jan. 20 Accounts R 51300 Sales Reve Sales Taxe Jan. 21 47500 3800 Cash 27000 Notes Paya Jan. 25 Cash 27000 8856 Sales Reve 8200 Sales Taxe 656 Don't show me this message again for the assignment Show List of Accounts Show Solution Show Answer Link to Text Your answer is partially correct. Try again. Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product. (Hint: Use one-third of a month for the Girard Bank note.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No . 1. Date Jan. 31 Account Titles and Explanation Interest Exp Debit Credit Interest Pay 2. Jan. 31 Warranty E Warranty L Don't show me this message again for the assignment Show List of Accounts Link to Text Link to Text Your answer is partially correct. Try again. Prepare the current liabilities section of the balance sheet at January 31, 2014. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) January 31, 2014 res_EAT_135661 Current Liabilities $ Notes Paya 27000 Accounts P 55470 Unearned S 5670 Sales Taxe Warranty L Interest Pay res_EAT_135661 $ Total Current Liabilities Don't show me this message again for the assignment Click if you would like to Show Work for this question: Open Show Work Problem 11-2A The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly. Jan. Purchased merchandise on account from Nunez Company, $22,800, terms 3/10, n/30. (Blanco uses the perpetual inventory system.) Feb. 1 Issued a 9%, 2-month, $22,800 note to Nunez in payment of account. Mar. 31 Accrued interest for 2 months on Nunez note. Apr. 1 Paid face value and interest on Nunez note. July Purchased equipment from Marson Equipment paying $10,540 in cash and signing 1 a 10%, 3-month, $61,200 note. Sept. 30 Accrued interest for 3 months on Marson note. Oct. 1 Paid face value and interest on Marson note. Dec. Borrowed $30,000 from the Paola Bank by issuing a 3-month, 8% note with a face value 1 of $30,000. Dec. 31 Recognized interest expense for 1 month on Paola Bank note. 2 Don't show me this message again for the assignment Prepare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 2 Feb. 1 Account Titles and Explanation Debit Credit Mar. 31 Apr. 1 July 1 Sept. 30 Oct. 1 Dec. 1 Dec. 31 Don't show me this message again for the assignment Show List of Accounts Link to Text Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previous part.) Notes Payable Interest Payable Interest Expense Don't show me this message again for the assignment Show List of Accounts Link to Text Show the balance sheet presentation of notes and interest payable at December 31. Blanco Company Balance Sheet (Partial) December 31 $ $ Problem 11-3A Mann Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2014, are presented below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $15 $? $5.00 Rita Hager 42 Jack Never 44 16 ? 5.00 13 60.00 8.00 Sue Perez 46 13 61.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8%. Don't show me this message again for the assignment Prepare a payroll register for the weekly payroll. (Use the wage-bracket withholding table in the text for federal income tax withholdings.) (Round answers to 2 decimal places, e.g. 15.25.) MANN HARDWARE Payroll Register For the Week Ending March 15, 2014 Earnings Deductions Emplo Ho Regula Overti yee urs r me Ben Abel 40 $ $ Gross Pay $ Salarie s and Total Net Pay Wages Expens e $ $ $ $ Federal State United FICA Income Income Fund Tax Tax $ $ $ Rita 42 Hager $ Jack Never 44 $ Sue Perez 46 Totals Don't show me this message again for the assignment Show List of Accounts $ Link to Text Journalize the payroll on March 15, 2014, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Mar. 15 (To record payroll) Mar. 15 (To record accrual of payroll taxes.) Don't show me this message again for the assignment Credit Show List of Accounts Link to Text Journalize the payment of the payroll on March 16, 2014. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 Don't show me this message again for the assignment Show List of Accounts Link to Text Journalize the deposit in a Federal Reserve bank on March 31, 2014, of the FICA and federal income taxes payable to the government. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Problem 11-5A For the year ended December 31, 2014, Denkinger Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries Electricians' wages $216,000 373,000 Total $589,000 Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums $39,913 181,000 15,314 29,450 15,300 Total $280,977 Denkinger Company's payroll taxes are Social Security tax 6.2%,Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $506,000, and gross earnings subject to unemployment taxes total $162,000. (a) Prepare a summary journal entry at December 31 for the full year's payroll. (b) Journalize the adjusting entry at December 31 to record the employer's payroll taxes. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and . Explanation (a) (b) Debit Credit (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. Employee Maria Sandoval Jennifer Mingenback Wages, Tips, Other Compensation Federal Income Tax Withheld $58,000 $28,420 26,000 State Income Tax Withheld FICA Tax Withheld FICA Wages $ 10,140 Don't show me this message again for the assignment Click if you would like to Show Work for this question: Open Show Work $ $ Problem 11-1A On January 1, 2014, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $55,470 8,230 16,290 During January, the following selected transactions occurred. Jan. 5 12 Sold merchandise for cash totaling $13,176, which includes 8% sales taxes. Performed services for customers who had made advance payments of $10,620. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2013 ($8,230). 20 Sold 950 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty. 21 Borrowed $27,000 from Girard Bank on a 3-month, 8%, $27,000 note. 25 Sold merchandise for cash totaling $8,856, which includes 8% sales taxes. Don't show me this message again for the assignment Your answer is correct. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 5 Account Titles and Explanation Cash Debit Credit 13176 Sales Reve Sales Taxe Jan. 12 12200 976 Unearned S 10620 Service Re Jan. 14 Sales Taxe Cash 10620 8230 8230 Jan. 20 Accounts R 51300 Sales Reve Sales Taxe Jan. 21 47500 3800 Cash 27000 Notes Paya Jan. 25 Cash 27000 8856 Sales Reve 8200 Sales Taxe 656 Don't show me this message again for the assignment Show List of Accounts Show Solution Show Answer Link to Text Your answer is partially correct. Try again. Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product. (Hint: Use one-third of a month for the Girard Bank note.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No . 1. Date Jan. 31 Account Titles and Explanation Interest Exp Debit Credit Interest Pay 2. Jan. 31 Warranty E Warranty L Don't show me this message again for the assignment Show List of Accounts Link to Text Link to Text Your answer is partially correct. Try again. Prepare the current liabilities section of the balance sheet at January 31, 2014. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) January 31, 2014 res_EAT_135661 Current Liabilities $ Notes Paya 27000 Accounts P 55470 Unearned S 5670 Sales Taxe Warranty L Interest Pay res_EAT_135661 $ Total Current Liabilities Don't show me this message again for the assignment Click if you would like to Show Work for this question: Open Show Work Problem 11-2A The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly. Jan. Purchased merchandise on account from Nunez Company, $22,800, terms 3/10, n/30. (Blanco uses the perpetual inventory system.) Feb. 1 Issued a 9%, 2-month, $22,800 note to Nunez in payment of account. Mar. 31 Accrued interest for 2 months on Nunez note. Apr. 1 Paid face value and interest on Nunez note. July Purchased equipment from Marson Equipment paying $10,540 in cash and signing 1 a 10%, 3-month, $61,200 note. Sept. 30 Accrued interest for 3 months on Marson note. Oct. 1 Paid face value and interest on Marson note. Dec. Borrowed $30,000 from the Paola Bank by issuing a 3-month, 8% note with a face value 1 of $30,000. Dec. 31 Recognized interest expense for 1 month on Paola Bank note. 2 Don't show me this message again for the assignment Prepare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 2 Feb. 1 Account Titles and Explanation Debit Credit Mar. 31 Apr. 1 July 1 Sept. 30 Oct. 1 Dec. 1 Dec. 31 Don't show me this message again for the assignment Show List of Accounts Link to Text Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previous part.) Notes Payable Interest Payable Interest Expense Don't show me this message again for the assignment Show List of Accounts Link to Text Show the balance sheet presentation of notes and interest payable at December 31. Blanco Company Balance Sheet (Partial) December 31 $ $ Problem 11-3A Mann Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2014, are presented below. Employee Hours Worked Hourly Rate Federal Income Tax Withholdings United Fund Ben Abel 40 $15 $? $5.00 Rita Hager 42 Jack Never 44 16 ? 5.00 13 60.00 8.00 Sue Perez 46 13 61.00 5.00 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7.65%, state income taxes 3%, state unemployment taxes 5.4%, and federal unemployment 0.8%. Don't show me this message again for the assignment Prepare a payroll register for the weekly payroll. (Use the wage-bracket withholding table in the text for federal income tax withholdings.) (Round answers to 2 decimal places, e.g. 15.25.) MANN HARDWARE Payroll Register For the Week Ending March 15, 2014 Earnings Deductions Emplo Ho Regula Overti yee urs r me Ben Abel 40 $ $ Gross Pay $ Salarie s and Total Net Pay Wages Expens e $ $ $ $ Federal State United FICA Income Income Fund Tax Tax $ $ $ Rita 42 Hager $ Jack Never 44 $ Sue Perez 46 Totals Don't show me this message again for the assignment Show List of Accounts $ Link to Text Journalize the payroll on March 15, 2014, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Mar. 15 (To record payroll) Mar. 15 (To record accrual of payroll taxes.) Don't show me this message again for the assignment Credit Show List of Accounts Link to Text Journalize the payment of the payroll on March 16, 2014. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 Don't show me this message again for the assignment Show List of Accounts Link to Text Journalize the deposit in a Federal Reserve bank on March 31, 2014, of the FICA and federal income taxes payable to the government. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Problem 11-5A For the year ended December 31, 2014, Denkinger Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries Electricians' wages $216,000 373,000 Total $589,000 Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums $39,913 181,000 15,314 29,450 15,300 Total $280,977 Denkinger Company's payroll taxes are Social Security tax 6.2%,Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $506,000, and gross earnings subject to unemployment taxes total $162,000. (a) Prepare a summary journal entry at December 31 for the full year's payroll. (b) Journalize the adjusting entry at December 31 to record the employer's payroll taxes. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and . Explanation (a) (b) Debit Credit (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. Employee Maria Sandoval Jennifer Mingenback Wages, Tips, Other Compensation Federal Income Tax Withheld $58,000 $28,420 26,000 State Income Tax Withheld FICA Tax Withheld FICA Wages $ 10,140 Don't show me this message again for the assignment Click if you would like to Show Work for this question: Open Show Work $ $