Record the journal entries to show each transaction/adjustment.

1.

Wages of $2,750 accrued at the end of the prior fiscal period were paid this fiscal period.

2.

Real estate taxes of $7,350 applicable to the current period have not been accrued.

3.

Interest on bonds payable has not been accrued for the current month. The company has outstanding $870,000 of 7.5% bonds.

4.

The premium related to the bonds in part c has not been amortized for the current month. The current-month amortization is $145.

5.

Based on past experience with its warranty program, the estimated warranty expense for the current period should be 0.2% of sales of $1,261,500.

6.

Analysis of the companys income taxes indicates that taxes currently payable are $191,400 and that the deferred tax liability should be increased by $70,470.