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McKinley Electronics completed these selected transactions during Ane 2018 Click the icon to view the transactions Requirement 1. Report these tome on MeKwy Electronie balance

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McKinley Electronics completed these selected transactions during Ane 2018 Click the icon to view the transactions Requirement 1. Report these tome on MeKwy Electronie balance sheet at June 30, 2018 Select the bwance the accounts, then calculate each account balance and the local current is on June 30, 2011. For the FICA LA be sure to include both the poor and engloyee share on Round mounts to the newest whide collatIf a bor is not used in the tableave the box only do not select a bel or enter a zer) McKinley Electronics Balance Sheet (partial transactions June 30, 2018 Account Amount Sale of 52,150,000 are subject to an accrued warranty cost of the moved warranty payable at the beginning of the year was $30.000, and warranty payments for the year totaled 500.000 b. On June 1, McKinley Ectronic signed a $35,000 note payable that requires annual payments of 57.000 plus o rest on the unpaid balance beginning June 2010 Panorama ine, a thals of discount stores, order 100.000 worth of wireless speakers and related products. With its crder Panoramina, sent a check for $100,000 in advance and Moony shipped 395.000 of the goods McKinley wil whip theme of the goods on Juy 3, 2018 McKay June payrol of $200.000 in uted to loyee with income tax of 331,000 and FICA taxa 785% On June 30. McKinley pays employers their take home pay and secus al tax amounts Print Done Lorem Transactions x a. Sales of $2,150,000 are subject to an accrued warranty cost of 5%. The accrued warranty payable at the beginning of the year was $36,000, and warranty payments for the year totaled $62,000. b. On June 1, McKinley Electronics signed a $35,000 note payable that requires annual payments of $7,000 plus 5% interest on the unpaid balance beginning June 1, 2019. c. Panorama, Inc., a chain of discount stores, ordered $100,000 worth of wireless speakers and related products. With its order, Panorama, Inc., sent a check for $100,000 in advance, and McKinley shipped $95,000 of the goods. McKinley will ship the remainder of the goods on July 3, 2018. d. McKinley's June payroll of $200,000 is subject to employee withheld income tax of $31,000 and FICA tax of 7.65%. On June 30, McKinley pays employees their take-home pay and accrues all tax amounts. 1. Report those items on McKinley Electronics' balance sheet at June 30, 2018. Select the balance sheet accounts, then calculate each accounts' balance and the total current liabilities amount at June 30, 2018. (For the FICA tax, be sure to Include both the employer and employee share of the tax. Round all amounts to the nearest whole dollar. If a box is not used in the table leave the box empty: do not select a tabel or enter a zero.) McKinley Electronics Balance Sheet (partial) June 30, 2018 Account Amount Current liabilities: Long-term linbilities

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