o. On December 31, 2019, the Notes Payable account at Northwood Manufacturing Company had a balance of $16,000. This balance b. On January 2 2019, Htech Computer Consultants purchased fash drives, paper, and other supplies for $5,230 in cash. On represented a three-month, 7.5 percent note issued on November 1 December 31, 2019, an inventory of supplies showed that items costing $1,590 were on hand. The Supplies account has a balance of $5.230 December 31, 2019, an examination of the insurance records showed that coverage for a period of four months had expired d. On Ma ember 1, 2019, North Dakota Manufacturing paid a premium of $14,640 in cash for a one year insurance policy On vy 1, 2019, Headcas e Beauty Salon signed a one-year advertising contract with a local radio station and issued a check for $10,800 to pay the total amount owed On December 31, 2019, the Prepeid Advertising account has a balance of $10,800 a. During the year 2019, Sampson Company had net credit sales of $1,950,000. Past experience shows that 1.5 percent of the firm's net credit sales result in uncollectible accounts b. Equipment purchased by Park Consultancy for $38,220 on January 2, 2019, has an estimated useful life of 10 years and an estimated salvage value of $2.700. What adjustment for depreciation should be recorded on the firm's worksheet for the year ended December 31, 2019? c. On December 31, 2019, Giant Plumbing Supply owed wages of $11,400 to its factory employees, who are paid weekly d. On December 31, 2019, Giant Plumbing Supply owed the employer's social security (6.2 percent) and Medicare (145 percent) taxes e. On December 31,2019, Giant Plumbing Supply owed federal (0.6 percent) and state (5.4 percent) unemployment taxes on the entire $11,400 of accrued wages for its factory employees o. On December 31, 2019, the Notes Payable account at Northwood Manufacturing Company had a balance of $16,000. This balance b. On January 2 2019, Htech Computer Consultants purchased fash drives, paper, and other supplies for $5,230 in cash. On represented a three-month, 7.5 percent note issued on November 1 December 31, 2019, an inventory of supplies showed that items costing $1,590 were on hand. The Supplies account has a balance of $5.230 December 31, 2019, an examination of the insurance records showed that coverage for a period of four months had expired d. On Ma ember 1, 2019, North Dakota Manufacturing paid a premium of $14,640 in cash for a one year insurance policy On vy 1, 2019, Headcas e Beauty Salon signed a one-year advertising contract with a local radio station and issued a check for $10,800 to pay the total amount owed On December 31, 2019, the Prepeid Advertising account has a balance of $10,800 a. During the year 2019, Sampson Company had net credit sales of $1,950,000. Past experience shows that 1.5 percent of the firm's net credit sales result in uncollectible accounts b. Equipment purchased by Park Consultancy for $38,220 on January 2, 2019, has an estimated useful life of 10 years and an estimated salvage value of $2.700. What adjustment for depreciation should be recorded on the firm's worksheet for the year ended December 31, 2019? c. On December 31, 2019, Giant Plumbing Supply owed wages of $11,400 to its factory employees, who are paid weekly d. On December 31, 2019, Giant Plumbing Supply owed the employer's social security (6.2 percent) and Medicare (145 percent) taxes e. On December 31,2019, Giant Plumbing Supply owed federal (0.6 percent) and state (5.4 percent) unemployment taxes on the entire $11,400 of accrued wages for its factory employees
