Q1The adjusted trial balance of West Company at January 31, 2021, shows Salaries and Wages Payable of $3,200 and Salaries and Wages Expense of $7,200. Total of $10,000 was paid in January for salaries and wages. Provide journal entry for when the $10.000 was paid.

Company purchased 2000 units of a merchandise (called XOM) for sale at a cost of $10 per unit on account. Sales taxes was 6% which was not included in the price. Company was charged $150 for shipping and handling. Provide journal entry to record the above purchase of merchandise.

Company paid cash for the following items related to the construction of a new shop. Make a composite journal entry to record the transaction.

Purchase of land 20000

Contractor for construction of the shop building 80000

Excavation costs for new building. 10000

Commission fee paid to real estate agency 1,500

equipment for shop 8000

interest paid on borrowed money of which 5000 was during contruction of new shop 8000

cost of filling and grading the land 3000

On April 1: 2020, company borrowed $50,000 from bank by signing a one-year, 6% note. The principal & interest has to be paid at the maturity of the note on March 31, 2021.

On Dec. 31, 2020, company made the necessary journal entry to record accrued interest on note. Provide the journal entry that company must made on March 31, 2021 for payoff of the note.

On june 1, 2020, Company paid $18,000 for salaries and wages for the month. Applicable federal income tax rate is 20%, state income tax rate is 6%, FICA tax rate is 7.65%, Federal Unemployment Taxes 0.80%; State Unemployment Taxes 5.40%. Provide a composite journal entry to record this transaction.