Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need answer question 16 4. 000 2ncrees.in,Tay fawble Toal Cash from operati 100tg).O).. 11 23,5D033 Cash vies ol men investiry activities 500 You are
I need answer question 16
4. 000 2ncrees.in,Tay fawble Toal Cash from operati 100tg).O).. 11 23,5D033 Cash vies ol men investiry activities 500 You are the accountant for Security Software. The month just ended 1/31/2002. Create journal entries for the following 11. During the month software sales were 50,000, all on account, and sal in addition to that amount. Describe the above with a journal entry is85% 12. On Feb 15th you send this sales tax from number 11 to the state. Make the Joumal 13. Customers also were invoiced $12,000 for 1 year maintenance contracts. Descibe the transaction. (there is no sales tax on this) 14. The month's payroll, paid on 1/31 needs to be recorded Total payroll is $20,000 4,000 is withheld for federal taxes, 1,000 for state taxes, and 7 65% is withheld for FICA tax. ( 1 00,000 On 10312011 The company takes out a bank loan and signs a 4 year note at 7% interest paid every 3 months 15. Make Journals for the fcllowing a. 10/31/2011 -record the loarn 12/312011-year end needs to have everything accurate includingnres c 1/31/2012. it has been 3 months 16. On July 1 the company sells 10,000 shares of stock for $25 per share. The par value is 01 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started