Question 5 of 31 View Policies Current Attempt in Progress The following totals for the month of April were taken from the payroll records of Larkspur Company. Salaries $91200 FICA taxes withheld 6980 Income taxes withheld 19000 Medical insurance deductions 3400 240 Federal unemployment taxes State unemployment taxes 1640 The entry to record accrual of employer's payroll taxes would include a debit to Payroll Tax Expense for $8860. O credit to FICA Taxes Payable for $13960. O credit to Payroll Tax Expense for $1880. O debit to Payroll Tax Expense for $1880. Question 9 of 31 - /3.88 E View Policies Current Attempt in Progress On January 1, 2020,$4440000, 10-year, 10% bonds, were issued for $4308000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable the monthly amortization amount is O $1100. $43080 O $2774 O $13200 Question 11 of 31 -/3.88 E B View Policies Current Attempt in Progress Metlock has invested $480000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy, What amount does Metlock stand to lose? Up to his total investment of $480000. $260000 Zero The $480000 plus any personal assets the creditors demand Question 17 of 31 -/3.88 E View Policies Current Attempt in Progress Ayayal Corp. has 5000 shares of 10%, $50 par value, cumulative preferred stock and 45000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid an $13000 dividend in 2019.In 2020, $65000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020 $33000 O $23000 $28000 $25000 Question 24 of 31 - / views Current Attempt in Progress The adjusted trial balance for Pronghorn Corp at the end of the current year contained the following accounts. $1700000 5-year Bonds Payable 8% Bond Interest Payable 53000 Premium on Bonds Payable 106000 42000 175000 Notes Payable (3 mo.) Notes Payable (5 yr.) Mortgage Payable ($16000 due currently) Salaries and Wages Payable Taxes Payable (due 3/15 of next yr) 212000 19000 27000 The total long-term liabilities reported on the balance sheet are $2193000 $2177000 $2087000 O $2071000