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PROBLEM 1-ANALYSIS OF TRANSACTIONS -52% INSTRUCTIONS: Indicate the titles of the general ledger accounts to be debited and credited in recording the transactions below by
PROBLEM 1-ANALYSIS OF TRANSACTIONS -52% INSTRUCTIONS: Indicate the titles of the general ledger accounts to be debited and credited in recording the transactions below by inserting in the appropriate column the letters of the account titles listed. ACCOUNTS A Accounts Payable F. Social Security Tax Payable K Medicare Tax Payable B. Accounts Receivable G. Interest Expense L Notes Payable C. Cash H. Interest Revenue M Notes Receivable D Employees Income Tax Payable Interest Payable N Payroll Tax Expense E Federal Unemployment Tax Payable J. Interest Receivable 0. State Unemployment Tax Payable For For Scoring Debit Scoring Credit TRANSACTIONS 0 issued an interest-bearing note to a creditor on account 1-2 Paid the note issued in Question 0 3-4 Discounted our note payable at the bank 5-6. Paid the note issued in Question 3-4 7-8. Prepared journal entry to record the employer's payroll taxes (FICA, federal unemployment, and state unemployment). CON
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