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I hope you can see clearly. This is my first time and I don't know how to do it. And this are my question, and

I hope you can see clearly. This is my first time and I don't know how to do it. And this are my question, and it's due date tomorrow so it will be great if you help by today. Thanks image text in transcribed
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a. Salaries accrued: sales salaries, $4,275; officers salaries, $2,175; office salaries, $ The payroll taxes are immaterial and are not accrued. b. Vacation pay, $13,350 hensive Problem 3 Selected transactions completed by Kornett Company during its first fiscal year ended De cember 31, 2016, were as follows: Jan. 3. Issued a check to establish a petty cash fund of $4,500. Feb. 26. Replenished the petty cash fund, based on the following summary of petty cash receipts: office supplies, $1,680; miscellaneous selling expense, $570; miscella- neous administrative expense, $880 Apr. 14. Purchased $31,300 of merchandise on account, terms 1/10, n/30. The perpetual inventory system is used to account for inventory May 13. Paid the invoice of April 14 after the discount period had passed for $21,200. The amount indicated by the 17. Received cash from daily cash sales cash register was $21,240. June 2, Received a 60-day, 8% note for $180,000 on the Ryanair account Aug. 1. Received amount owed on June 2 note, plus interest at the maturity date. 24. Received $7,600 on the Finley account and wrote off the method is used in ac- on a $9,000 accounts receivable balance. CThe allowance counting for uncollectible receivables.) in full payment. discounted it at 9%. August 24 and received $1,400 cash 15. Reinstated the Finley account written off on 90day aote to Zathorik Co., which 15. Purchased land by issuing a $670,000, receit of a $100,000, and accumulated depreciatiThe equipment had a cost of $320,000st of a of $64,000 as of October 17 Oct. 17, Sold office equipmenti t in exchange for $135,000 cash plus 90-day, 9% (Continued

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