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QS 9-5 Recording employee payroll taxes LO P2 On January 15, the end of the first pay period of the year, North Company's employees earned

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QS 9-5 Recording employee payroll taxes LO P2 On January 15, the end of the first pay period of the year, North Company's employees earned $26,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,000 of federal income taxes, $429 of medical insurance deductions, and $180 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities. View transaction list Journal entry worksheet Record the employee payroll for period. Not: Enter debit before credits Date Jan 15 General Journal Debit Credit QS 8-11 Natural resources and depletion LO P3 Perez Company acquires an ore mine at a cost of $1,960,000. It incurs additional costs of $548,800 to access the mine, which is estimated to hold 1,400,000 tons of ore. 200,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $280,000. Calculate the depletion expense from the information given. 1. & 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry. Complete this question by entering your answers in the tabs below. Depletion Expense General Jauna Calculate the depletion expense from the information given. (Round "Depletion per unit" to 3 decimal places.) Savage Total units of city Depletion per unit Units extracted and sold in period Depline QS 8-6 Straight-line, partial-year depreciation LO C2 On October 1, Organic Farming purchases wind turbines for $180,000. The wind turbines are expected to last six years, have a salvage value of $24,000, and be depreciated using the straight-line method. 1. Compute depreciation expense for the last three months of the first year. 2. Compute depreciation expense for the second year. 1. Straight-line depreciation for the last three months of the first year 2. Straight-line depreciation for the second year

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