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I need the answers from 1 to 8. ASAP COMPREHENSIVE PROBLEM Comprehensive Problem for Chapters 11, 13, a and The Tusquitt 201 ee Company is
I need the answers from 1 to 8. ASAP
COMPREHENSIVE PROBLEM Comprehensive Problem for Chapters 11, 13, a and The Tusquitt 201 ee Company is a retail company that began operations on Octo 6, when it incorporated in the state of North Carolina. The Tusquittee Company ber 1, is authorized to issue 100,000 shares of $1 par value common st shares of 5%, $50 par value preferred stock. The company sells a product that ock and 50,000 includes a one-year warranty and re Customers are charged a 6% state sales tax. The company uses a perpe system. There are three employees that are paid a monthly salary on the last day each month tual inventory the month. Following is the chart of accounts for The Tusquittee Company business, all beginning balances are SO. As a new The Tusquittee Company Chart of Accounts Cash Dividends Notes Payable Mortgages Payable Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock- Common Cash Dividends Sales Revenue Cost of Goods Sold Salaries Expense Payroll Tax Expense Utilities Expense Merchandise Inventory Land Building Store Fixtures Accumulated Depreciation Accounts Payable Employee Income Taxes Payable FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Employee Health Insurance Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Income Tax Payable ation Sales Tax Payable Estimated Warranty Payable Interest Payable Warranty Expense Income Tax Expense Interest Expense COMPREHENSIVE PROBLEM Comprehensive Problem for Chapters 11, 13, a and The Tusquitt 201 ee Company is a retail company that began operations on Octo 6, when it incorporated in the state of North Carolina. The Tusquittee Company ber 1, is authorized to issue 100,000 shares of $1 par value common st shares of 5%, $50 par value preferred stock. The company sells a product that ock and 50,000 includes a one-year warranty and re Customers are charged a 6% state sales tax. The company uses a perpe system. There are three employees that are paid a monthly salary on the last day each month tual inventory the month. Following is the chart of accounts for The Tusquittee Company business, all beginning balances are SO. As a new The Tusquittee Company Chart of Accounts Cash Dividends Notes Payable Mortgages Payable Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock- Common Cash Dividends Sales Revenue Cost of Goods Sold Salaries Expense Payroll Tax Expense Utilities Expense Merchandise Inventory Land Building Store Fixtures Accumulated Depreciation Accounts Payable Employee Income Taxes Payable FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Employee Health Insurance Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Income Tax Payable ation Sales Tax Payable Estimated Warranty Payable Interest Payable Warranty Expense Income Tax Expense Interest Expense Step by Step Solution
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