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Please, help with the following adjusted entries. 3 rd. The payroll summary for the employees who are paid biweekly shows the following information at December
Please, help with the following adjusted entries. 3 rd. The payroll summary for the employees who are paid biweekly shows the following information at December 31, 2018:57 nood va n dw noistabizco Delivery and Warehouse Wages $8,200 FICA Taxes Payable .. 627 Federal Withholding Taxes ......... 1,250 State Withholding Taxes... 285 Net pay. $6,038 e. The employer's share of the FICA tax ($627) must be accrued; no state or federal unemployment tax is incurred during the fourth quarter because all wages and salaries earned during the last quarter exceed the maximum subject to unemployment tax. f. Interest has accrued at 7% on the long-term notes payable since July 1, 2018. The next six-month interest payment at 6.9% on the bonds is due on March 1, 2019. The original discount on bonds payable was $15,800. No portion of the discount has been amortized for any part of 2018; the bonds are 10-yr maturity. (Use straight-line.) g. The interest accrued to 12/31/18 on notes receivable is composed of the following: Platteville Plumbers, 10%, 6 months, due March 31, 2019 $1,250 1919 Bilder Construction, 8%, 6 months, due June 17, 2019 10 9 9 1209 Beverly's Building, 9%, 6 months, due June 26, 2019 10 9 80 -100 stalo od boliwoda ) tom o n $1,450 be The interest accrued at 12/31/18 on the note payable of $15,000 @ 6% is $900. Interest is payable on January 2, 2019. (The note is due in 2019.) GENERAL LEDGER ACCOUNTS ACCOUNT: Bonds Payable 270 EXPLANATION DEBIT REF BALANCE CREDIT DATE 2018 1/1 Balance (issued Mar. 1, 2012) 27/5000 ACCOUNT: Discount on Bonds Payable 273 DATE EXPLANATION REF || DEBIT | CREDIT BALANCE 2018 1/1 Balance 164001 ACCOUNT: Notes Payable 200 EXPLANATION REF DATE 2018 1/1 DEBIT CREDIT BALANCE Balance-renewed 12/31/17 Il 15000 BP
Please, help with the following adjusted entries.
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