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Saved a. During the year 2019, Sampson Company had net credit sales of $1,950,000. Past experience shows that 1.5 percent of the firm's net credit

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Saved a. During the year 2019, Sampson Company had net credit sales of $1,950,000. Past experience shows that 1.5 percent of the firm's net credit sales result in uncollectible accounts. b. Equipment purchased by Park Consultancy for $38,220 on January 2, 2019, has an estimated useful lfe of 10 years and an estimated salvage value of $2.700. What adjustment for depreciation should be recorded on the firm's worksheet for the year ended December 31, 2019? c. On December 31, 2019, Giant Plumbing Supply owed wages of $11,400 to its factory employees, who are paid weekly n December 31, 2019, Glant Plumbing Supply owed the employer's social security (6.2 percent) and Medicare 1.45 percent) taxes e. On December 31, 2019, Giant Plumbing Supply owed federal (0,6 percent) and state (5.4 percent) unemployment taxes on the entire on the entire $11,400 of accrued wages for its factory employees. 11,400 of accrued wages for its factory employees. For each of the above independent situations, prepare the adjusting entries that must be made on the December 31, 2019, worksheet Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the adjustment for uncollectible accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31. 2019 Record entry Clear entry View general journal

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