Paid the sales tax payable from Year $9.$

Paid the balance of the payroll liabilities due for Year $9($federal income tax, FICA taxes, and unemployment taxes$).$

On January $1,$ Year $10,$ purchased land and a building for $$150,000.$ The building was appraised at $$125,000$ and the land at $$25,000.$ Pacilio paid $$50,000$ cash and financed the balance. The balance was financed with a $10-$year installment note. The note had an interest rate of $7$ percent and annual payments of $$14,238$ due on the last day of the year.

On January $1,$ Year $10,$ issued $$50,000$ of $6$ percent, five year bonds. The bonds were issued at $98.$

Purchase $$660$ of supplies on account.

Purchased $170$ alarm systems at a cost of $$300.$ Cash was paid for the purchase.

After numerous attempts to collect from customers, wrote off $$2,450$ of uncollectible accounts receivable.

Sold $160$ alarm systems for $$580$ each plus sales tax of $5$ percent. All sales were on account. $($Be sure to compute cost of goods sold using the FIFO cost flow method.$)$

Record the cost of goods sold related to the sale from Event $8$ using the FIFO method.

Billed $$120,000$ of monitoring services for the year. Credit card sales amounted to $$36,000,$ and the credit card company charged a $4$ percent fee. The remaining $$84,000$ were sales on account. Sales tax is not charged on this service.

Replenished the petty cash fund on June $30.$ The fund had $$11$ cash and receipts of $$65$ for yard mowing and $$24$ for office supplies expense.

Collected the amount due from the credit card company.

Paid the sales tax collected on $$85,000$ of the alarm sales.

Collected $$167,000$ of accounts receivable during the year.

Paid installers and other employees a total of $$82,000$ for salaries for the year. Assume the Social Security tax rate is $6$ percent and the Medicare tax rate is $1\mathrm{.}5$ percent. Federal income taxes withheld amounted to $$9,600.$ The net amount of salaries was paid in cash.

Paid $$1,250$ in warranty repairs during the year.

On September $1,$ paid the note and interest owed to State Bank.

Paid $$18,000$ of advertising expense during the year.

Paid $$5,600$ of utilities expense for the year.

Paid the payroll liabilities, both the amounts withheld from the salaries plus the employer share of Social Security tax and Medicare tax, on $$75,000$ of the salaries plus $$8,600$ of the federal income tax that was withheld. $($Disregard unemployment taxes in this entry.$)$

Paid the accounts payable.

Paid bond interest and amortized the discount.

Paid the annual installment on the amortized note.

Paid a dividend of $$10,000$ to the shareholders.