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Ques ed transactions during March 2018 balance sheet at March 31, 2018 culate each accounts balance and the total current liabilities amount at March 31,
Ques ed transactions during March 2018 balance sheet at March 31, 2018 culate each accounts balance and the total current liabilities amount at March 31, 2018. (For the FICA tax, be sure to include both the employer and employee shar oox is not used in the table leave the box empty; do not select a label or enter a zero.) hics * Transactions artial) 3 Amount a. Sales of $2,500,000 are subject to an accrued warranty cost of 8%. The accrued warranty payable at the beginning of the year was $38,000, and warranty payments for the year totaled $63,000. b. On March 1. Six Mile Electronics signed a $20,000 note payable that requires annual payments of $4,000 plus 5% interest on the unpaid balance beginning March 1, 2019, c. Operata, Inc., a chain of discount stores, ordered S115,000 worth of wireless speakers and related products. With its order. Operata, Inc., sent a check for $115,000 in advance, and Six Mile shipped $75,000 of the goods. Six Mile will ship the remainder of the goods on April 3, 2018. d. Six Mile's March payroll of $300,000 is subject to employee withheld income tax of $30,400 and FICA tax of 7.65%. On March 31, Six Mile pays employees their take-home pay and accrues all tax amounts. Print Done n the input fields and then click Check Answer. Clear All Checic
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