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Jellison Sports Authority purchased inventory costing $22,000 by signing an 11%, six-month, short-term note payable. The purchase occurred on February 1, 2018. Jellison will pay

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Jellison Sports Authority purchased inventory costing $22,000 by signing an 11%, six-month, short-term note payable. The purchase occurred on February 1, 2018. Jellison will pay the entire note (principal and interest) on the note's maturity date of August 1, 2018. Journalize the company's (a) purchase of inventory, and (b) payment of the note plus interest on August 1, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory. Journal Entry Accounts Date Debit Credit 2018 Feb 1 (b) Journalize the company's payment of the note plus interest on August 1, 2018. Journal Entry Accounts Debit 2018 Date Credit Aug 1 Choose from any list or enter any number in the input fields and then continue to the next question. Mullen Company pays its employees every other Friday, December 31, 2017, was a Sunday. On Friday, January 5, 2018, Mullen paid wages of $119,000, which covered the 14-day period from December 20, 2017, through January 2, 2018. Wages were earned evenly across all days, including Saturdays and Sundays. Employee income taxes withheld for this payroll period totaled $18,760, while the FICA tax withheld was $14,700. (Ignore the employer payroll taxes in this exercise.) Prepare the entry to accrue the company's wages and payroll taxes at December 31, 2017. (Assume the S119,000 in wages was the gross amount of the payroll. Record debits first, then credits. Exclude explanations from any joumal entries.) Journal Entry Date Accounts Debit Credit 2017 Dec 31

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