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PLEASE ANSWER ALL QUESTIONS I WILL LEAVE GOOD REVIEW PLEASE MAKE IT LEAN MORE TOWARDS THE LEFT SIDE THERE IS AN ISSUE WITH ME SEEING
PLEASE ANSWER ALL QUESTIONS I WILL LEAVE GOOD REVIEW PLEASE MAKE IT LEAN MORE TOWARDS THE LEFT SIDE THERE IS AN ISSUE WITH ME SEEING FULL LENGTH ANSWERS THANK YOU SO MUCH!
On January 1, 2022, the ledger of Carla Vista Co.contained these liability accounts Questio Accounting $44,500 Accounts Payable Sales Taxes Payable Unearned Service Revenue 8,600 Question Accounting 21,000 During January, the following selected transactions occurred. Viewing 3 Accounting Jan. 1 Question Accounting 5 12 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $13,200. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021.88,600, Sold 700 units of a new product on credit at $46 per unit, plus 5% sales tax Question Accounting 14 20 During January, the company's employees earned wages of $62,000. Withholdings related to these wages were $4,743 for Social Security (FICA). $5,486 for federal income tax, and $1,646 for state income tax. The company owed no money related to these carnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31 Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 To record the interest on outstanding notes payable.) Jan 31 O Qu ACE (To record payroll and withholding taxes.) Jan. 31 (To record payroll and withholding taxes.) Jan 31 (To record employer's payroll taxes.) eTextbook and Media List of Accounts Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in Accounts Payable. CARLA VISTA CO. Balance Sheet (Partial) Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in Accounts Payable. CARLA VISTA CO. Balance Sheet (Partial) $ uestion 3 of 5 $ GA S Step by Step Solution
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