Requirements 1. In preparation for recording the transactions, prepare: a. An amortization schedule for the first 3 months of the mortgage payable issued on October 1. Round interest calculations to the nearest dollar. b. Payroll registers for October, November, and December. All employees worked October 1 through December 31 and are subject to the following FICA taxes: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Additional payroll information includes: c. Calculations for employer payroll taxes liabilities for October, November, and December: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45%; SUTA: 5.4% on first $7,000 earned; FUTA: 0.6% on first $7,000 earned. 2. Record the transactions in the general journal. Omit explanattions. 3. Post to the general ledger. 4. Record adjusting entries for the three month period ended December 31, 2018: a. Depreciation on the Building, straight-line, 40 years, no residual value. b. Deoreciation on Store Fixtures. straiaht-line. 20 vears. no residual value. More info More info unts for The chart of ac npleted the ns: transaction More info Data table Data table The Tusquittee Company is a retal company that began operations on October 1.2018 , when a incorporated in the state of North Carolina. The Tusquittee Coenpany is authorized to issue Following is the chart of accounts for The Tusquitlee Compsey As a new besimess, at 100,000 shares of $1 par value common stock and 50,000 shares of 5%,$50 par value preferred beginning balances are 50 . stock. The company sels a product that includes a one-year waresanty and records estimated Cick the icon to view the chart of acoourta.) warranty payable each month. Customers are chargod a 6% stale sales tax. The company uses a The Fusquttee Company completed the folowing transactions during the last quater of perpetual inventory system. There are three employees that are pald a monthly salary on the inst 2018, is first year of operations: day of the month. (1) (Clok the icon to viow the transactons.) Piead the regurements Requirements 1. In preparation for recording the transactions, prepare: a. An amortization schedule for the first 3 months of the mortgage payable issued on October 1. Round interest calculations to the nearest dollar. b. Payroll registers for October, November, and December. All employees worked October 1 through December 31 and are subject to the following FICA taxes: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Additional payroll information includes: c. Calculations for employer payroll taxes liabilities for October, November, and December: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45%; SUTA: 5.4% on first $7,000 earned; FUTA: 0.6% on first $7,000 earned. 2. Record the transactions in the general journal. Omit explanattions. 3. Post to the general ledger. 4. Record adjusting entries for the three month period ended December 31, 2018: a. Depreciation on the Building, straight-line, 40 years, no residual value. b. Deoreciation on Store Fixtures. straiaht-line. 20 vears. no residual value. More info More info unts for The chart of ac npleted the ns: transaction More info Data table Data table The Tusquittee Company is a retal company that began operations on October 1.2018 , when a incorporated in the state of North Carolina. The Tusquittee Coenpany is authorized to issue Following is the chart of accounts for The Tusquitlee Compsey As a new besimess, at 100,000 shares of $1 par value common stock and 50,000 shares of 5%,$50 par value preferred beginning balances are 50 . stock. The company sels a product that includes a one-year waresanty and records estimated Cick the icon to view the chart of acoourta.) warranty payable each month. Customers are chargod a 6% stale sales tax. The company uses a The Fusquttee Company completed the folowing transactions during the last quater of perpetual inventory system. There are three employees that are pald a monthly salary on the inst 2018, is first year of operations: day of the month. (1) (Clok the icon to viow the transactons.) Piead the regurements
