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I need to understand how to increase to 30% or 40 % and based on what Problem 91A Shortterm notes payable transactions and entries L0

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I need to understand how to increase to 30% or 40 % and based on what

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Problem 91A Shortterm notes payable transactions and entries L0 P1 ,I'The {050"ng forbearance admires to me questions o'tspyed'belowj Tyrell Co. entered Into the followtng transactions Involvlng short-term lIabIlIIJes In 2012 and 2013. 201? pr. 20 Purchased $40,250 of merchandlse on credIt from Locust, terms are 'll'10, nl'30. Tyrell uses the perpetual Inventory system. May 19 Replaced the Apnl 20 account payable to Locust wtth a 90day. $35,000 note beanng 10% annual Interest along wlt paying $5,250 In cash. July 8 Borrowed $80,000 cash from Naoonal Bank by slgnlng a 120-day, 9% Interest-beanng note wlth a face value of $80,000. _?_Pald the amount due on the note to Locust at the maturlty date. _?_Pald the amount due on the note to National Bank at the maturlty date. Nov. 28 Borrowed $42,000 cash from Fargo Etanlt by slgnlng a 60-day, 8% Interest-beanng note wlth a face value of 542.000. Dec. 31 Recorded an adjusting entry for accmed Interest on the note to Fargo Etank. 2513 '3 Fold the amount due on the note to Fargo Bank at lite maturlty date. value: 1.?3 paints Problem 91A Part 1 Required: 1. Determine the maturity date fur each at the three nntee deecltbed. ___- value: 1.?8 points Problem 91A Part 2 2. Determine the interest due at matuntyr for each of the three notes. [Do not round your intermediate calculations. Use 360 days :1 yeah: ---H_ -E-E-H_ ---H_ value: 1.?8 points Problem 91A Part 3 3. Determine the intereet expense to be recorded in the adjueting entry at the end [if 201 2. {Dn not round your intermediate calculation 5. Use 35D days a year.} ---H- ---H- value: 1.78 points Problem 9111 Part 4 4. Determine the interest expense to be recorded in 2013. [Do not round your intermediate calculations. Use 360 days :1 yeah: Total through matun'ty Interest to be accrued in 2012 Interest to be recorded in 2013 Problem BIA Part 5 5.1 Prepare joumal enln'es for all the preceding transactions and events for years 2012. View transaction list Journal entry worksheet Record the purchased merchandise on credit from Locust. Note: Enter debits before credits. Record entry 1lilieulr general joumal 5.2 Prepare journal entries for all the preceding transactions and events for 1fears 2(113. 1oil'ieiiil' transaction list Journal entry worksheet Record lire amount due on the note to Fargo Bank. Note: Enter debits before credits. Record entry View general joumal value: 1.?8 points Problem 92A Payroll expenses, withholdings, and taxes LG P2, P3 Paloma Co. Stars has four employees. FICA Social Security taxes are 5.2% of the first $1 13,?00 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. Also, for the rst $1000 paid to each employee, the company's FUTA taxes are 0.5% and SUTA taxes are 2.15%. The company is preparing its payroll calculations for the week ended August 25. Payroll records show the following information for the company's four employees. Current Week Gross Pay Income Tax Name through 3108 Gross Pay Wriholring Dahlia $1 12,500 $2,000 95 204 Trey 112,000 900 145 Kiesha ?,1 00 450 30 Ghee 1 .050 400 30 In addition to gross pay, the company must pay onehalf of the $50 per employee weekly health insurance; each employee pays the remaining onehalf. The company also contributes an extra 8% of each employee's gross pay {at no cost to employees} to a pension fund. Required: Compute the following for me week ended August 25 [Ron rid your answers to 2 decimal places.}: \fvalue: 1.73 points Problem ELSA Part 2 2. Compute limes interest earned for Weaver Company. I_E \"mes mm sawed for weaver Comm 400 one Is 250 um \fvalue: 1.?8 poims Problem 95A Part 1 Required: 1. Compute limes interest earned for Miller Company. __= 5 200,000 $ 501100 E Times interest earned for Miller lilomlzncanyl 3.33 value: 118 paints Problem EllEA Part 3 3. l||.|'|..'hat happens ta each campanyr'e net ineeme ifsalee increase by 3%? 2mm 1.0 . value: 1.?3 paints Problem 9511 Part 4 all. What happens to each cempanyr's net ineeme if sales increase by E'n? 13. value: 1.?8: paints Problem BEA Part E" 3". What happens tn each cnmpany's net income if sales decrease by E'u'? I 4 value: ' LEE paints Prehlem ELSA Part B B. What happens tc- each ccmpanyr'e net income if sales decrease by d'l

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