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in a balance sheet please 14 15 Paid the telephone bill for the month of April with cash. The telephone bill was $400. Paid $4,000

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14 15 Paid the telephone bill for the month of April with cash. The telephone bill was $400. Paid $4,000 in cash towards the outstanding balance related to the electric bikes purchased in #7 above. 16 17A 17B All the customers from #12 paid (with cash) the outstanding balances that they had with BE. BE employees earned gross wages of $1,500 from April 1 to April 15th. Based on the combined W4 selections (federal and state withholding), $150 in tax was withheld by BE Electric Bikes on behalf of the employees. Also, $100 in Social Security and Medicare tax was withheld from employee pay checks. BE will pay the taxes in May. The employees received the net pay amount of $1,250. Based on current law, BE Electric Bikes has to match the Social Security and Medicare tax amounts ($100 in total) withheld from the employee pay checks in 17 above. This amount will also be submitted to the government in May. Received a bill for the electricity for the month of April. The total bill was $300. BE discovered another company had a very similar name. To prevent confusion, the business used $3,000 cash to purchase the other company's trademark on the BE name. The customers from April 6th pay the $1,500 outstanding balance that remains on their account. Cash is received for this amount. May is anticipated to be a busy month. BE is concerned they may not have enough inventory. Therefore, four more bikes were purchased from their supplier at a price of $1,275 per bike. The purchase was made on their account with the bike store. 19 20 21 22

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