Required information [The following information applles to the questions dlspolayed below.] A company Incurred the following transactions: a. Recorded the financing (capltal) lease of a truck. The present value of the lease payments is $68,000; the total of the lease payments to be made is $81,000. b. Recorded the company's payroll for the month. Gross pay was $7,800, net pay was $5,400, and varlous withholding llability accounts were credited for the difference. c. Issued $24,000 of bonds payable at a price of 103 . d. Adjusted the estimated liability under a warranty program by reducing prevlously accrued warranty expense by $4,500. e. Retred $14,000 face amount of bonds payable with a carrying value of $13,500 by calling them at a redemption value of 101. f. Accrued estimated annual health care costs for retirees; $19,500 is expected to be paid within a year, and $158,000 is expected to be paid in more than a year. Required: a-1. Show the effect, If any, of each transactlon/adjustment on the approprlate balance sheet category or on net income by selecting for each category affected the account name and amount, and Indicating whether it is an addition (+) or a subtraction (-). Items that affect net Income should not also be shown as affecting stockholders' equity. Required Information [The following information applies to the questions displayed below.] A company Incurred the following transactions: a. Recorded the financing (capltal) lease of a truck. The present value of the lease payments is $68,000; the total of the lease payments to be made is $81,000. b. Recorded the company's payroll for the month. Gross pay was $7,800, net pay was $5,400, and varlous withholding llability accounts were credited for the difference. c. Issued $24,000 of bonds payable at a price of 103 . d. Adjusted the estumated liability under a warranty program by reducing prevlously accrued warranty expense by $4,500. e. Retired $14,000 face amount of bonds payable with a carrylng value of $13,500 by calling them at a redemption value of 101. f. Accrued estimated annual health care costs for retirees; $19,500 is expected to be paid within a year, and $158,000 is expected to be paid in more than a year. a-2 Record the Journal entries to show each transactlon/adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 23456 Recorded the financing (capital) lease of a truck. The present value of the lease payments is $68,000; the total of the lease payments to be made is $81,000. Note: Enter debits before credits Required information [The following information applles to the questions dlspolayed below.] A company Incurred the following transactions: a. Recorded the financing (capltal) lease of a truck. The present value of the lease payments is $68,000; the total of the lease payments to be made is $81,000. b. Recorded the company's payroll for the month. Gross pay was $7,800, net pay was $5,400, and varlous withholding llability accounts were credited for the difference. c. Issued $24,000 of bonds payable at a price of 103 . d. Adjusted the estimated liability under a warranty program by reducing prevlously accrued warranty expense by $4,500. e. Retred $14,000 face amount of bonds payable with a carrying value of $13,500 by calling them at a redemption value of 101. f. Accrued estimated annual health care costs for retirees; $19,500 is expected to be paid within a year, and $158,000 is expected to be paid in more than a year. Required: a-1. Show the effect, If any, of each transactlon/adjustment on the approprlate balance sheet category or on net income by selecting for each category affected the account name and amount, and Indicating whether it is an addition (+) or a subtraction (-). Items that affect net Income should not also be shown as affecting stockholders' equity. Required Information [The following information applies to the questions displayed below.] A company Incurred the following transactions: a. Recorded the financing (capltal) lease of a truck. The present value of the lease payments is $68,000; the total of the lease payments to be made is $81,000. b. Recorded the company's payroll for the month. Gross pay was $7,800, net pay was $5,400, and varlous withholding llability accounts were credited for the difference. c. Issued $24,000 of bonds payable at a price of 103 . d. Adjusted the estumated liability under a warranty program by reducing prevlously accrued warranty expense by $4,500. e. Retired $14,000 face amount of bonds payable with a carrylng value of $13,500 by calling them at a redemption value of 101. f. Accrued estimated annual health care costs for retirees; $19,500 is expected to be paid within a year, and $158,000 is expected to be paid in more than a year. a-2 Record the Journal entries to show each transactlon/adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 23456 Recorded the financing (capital) lease of a truck. The present value of the lease payments is $68,000; the total of the lease payments to be made is $81,000. Note: Enter debits before credits