{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T09:16:23-04:00", "answer_date": "2024-06-28 09:16:23", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4281201", "url": "\/study-help\/questions\/record-the-journal-entries-for-abcdeand-f-to-show-each-4281201", "question_creation_date_js": "2024-06-28T09:16:23-04:00", "question_creation_date": "Jun 28, 2024 09:16 AM", "meta_title": "[Solved] Record the journal entries for a,b,c,d,e, | SolutionInn", "meta_description": "Answer of - Record the journal entries for a,b,c,d,e,and f to show each transaction\/adjustment. A company incurred the following t | SolutionInn", "meta_keywords": "record,journal,entries,,,c,show,transaction\/adjustment,company,incurred,transactions,recorded,financing,capital", "question_title_h1": "Record the journal entries for a,b,c,d,e,and f to show each transaction\/adjustment. A company incurred the following transactions: a. Recorded the financing (capital) lease of a", "question_title": "Record the journal entries for a,b,c,d,e,and f to show each transaction\/adjustment. A", "question_title_for_js_snippet": "Record the journal entries for a,b,c,d,e,and f to show each transaction adjustment A company incurred the following transactions a Recorded the financing (capital) lease of a truck The present value of the lease payments is $72,000 the total of the lease payments to be made is $85,000 b Recorded the company's payroll for the month Gross pay was $8,600, net pay was $5,800, and various withholding liability accounts were credited for the difference c Issued $28,000 of bonds payable at a price of 104 d Adjusted the estimated liability under a warranty program by reducing previously accrued warranty expense by $4,900 e Retired $15,700 face amount of bonds payable with a carrying value of $15,500 by calling them at a redemption value of 102 f Accrued estimated annual health care costs for retirees $21,500 is expected to be paid within a year, and $162,000 is expected to be paid in more than a year a 2 Record the journal entries to show each transaction adjustment (If no entry is required for a transaction event, select No journal entry required in the first account field ) View transaction list Journal entry worksheet", "question_description": "

Record the journal entries for a,b,c,d,e,and f to show each transaction\/adjustment. <\/p>

\"image<\/div><\/div><\/div> A company incurred the following transactions: a. Recorded the financing (capital) lease of a truck. The present value of the lease payments is $72,000; the total of the lease payments to be made is $85,000. b. Recorded the company's payroll for the month. Gross pay was $8,600, net pay was $5,800, and various withholding liability accounts were credited for the difference. c. Issued $28,000 of bonds payable at a price of 104. d. Adjusted the estimated liability under a warranty program by reducing previously accrued warranty expense by $4,900. e. Retired $15,700 face amount of bonds payable with a carrying value of $15,500 by calling them at a redemption value of 102. f. Accrued estimated annual health care costs for retirees; $21,500 is expected to be paid within a year, and $162,000 is expected to be paid in more than a year. a-2. Record the journal entries to show each transaction\/adjustment. (If no entry is required for a transaction\/event, select \"No journal entry required\" in the first account field.) View transaction list Journal entry worksheet", "transcribed_text": "", "related_book": { "title": "Core Macroeconomics", "isbn": "978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435", "edition": "3rd edition", "authors": "Eric Chiang", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/648.jpg", "uri": "\/textbooks\/core-macroeconomics-3rd-edition-648", "see_more_uri": "" }, "free_related_book": { "isbn": "0340610468", "uri": "\/textbooks\/particle-mechanics-1st-edition-978-0340610466-304949", "name": "Particle Mechanics", "edition": "1st Edition" }, "question_posted": "2024-06-28 09:16:23", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/refer-to-the-product-costs-developed-in-requirement-5-of", "description": "Refer to the product costs developed in requirement (5) of Problem 560. 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Jacob was allocated $95,000 of business income from WCC for the year. Jacob's marginal income tax rate is 37 percent. The business allocation...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/t-how-many-sales-dollars-must-be-generated-to-earn-4281200", "next": "\/study-help\/questions\/what-are-the-main-assumptions-that-mintzberg-makes-regarding-managing-4281202" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Record the journal entries for a,b,c,d,e,and f to show each transaction\/adjustment. 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