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Question Help (similar to) Six Mile Electronics completed these selected transactions during September 2018: (Click the icon to view the transactions.) Requirement 1. Report these
Question Help (similar to) Six Mile Electronics completed these selected transactions during September 2018: (Click the icon to view the transactions.) Requirement 1. Report these items on Six Mile Electronics' balance sheet at September 30, 2018. Six Mile Electronics Balance Sheet (partial Transactions September 30, 2018 Account Current liabilities a. Sales of $3,000,000 are subject to an accrued warranty cost of 7%. The accrued warranty payable at the beginning of the year was $40,000, and warranty payments for the year totaled $58,000 Current portion of long-term note payable b. On September 1, Six Mile Electronics signed a $70,000 note payable that requires annual payment of Interest payable $14,000 plus 6% interest on the unpaid balance beginning September 1, 2019 c. Operata, Inc., a chain of discount stores, ordered $130,000 worth of wireless speakers and related Employee withheld income tax payable products. With its order, Operata, Inc., sent a check for $130,000 in advance, and Six Mile shipped FICA tax payable $45,000 of the goods. Six Mile will ship the remainder of the goods on October 3, 2018 d. Six Mile's September payroll of $200,000 is subject to employee withheld income tax of $31.000 and RICA Uneamed sales revenue tax of 7.65%. On September 30, Six Mile pays employees their take home pay and acces allax amounts Accrued warranty payable Total current liabilities Print Done Long-term liabilities: Note payable Check Antw Choose from any list or enter any number in the input fields and then click Check Answer Clear All All parts showing
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