scal Data Table e 3) he 110,000 . O just O O pd O Accounts Payable Interest Payable Salaries Payable Employee Income Taxes Payable FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Unearned Rent Revenue Long-Term Notes Payable xtil O O O 6,900 270.000 Print Done Clear A 6 of 7 (6 complete) any's fiscal year, includes the following account balances before payroll and adjust s at June 30 are as follows: * More Info For all payroll calculations, use the following tax rates and round amounts to th nearest cent Employee: OASDI: 6.2% on first $118.500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118.500 earned; Medicare: 1.45% on all earnings. Print Done en click Check Answer Clear All 6 of 7 (6 complete) uny More Info at bea sty l ion a. The long-term debt is payable in annual installments of $54,000, with the next installment due on July 31. On that date, Elite Ship will also pay one year's interest at 8%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue interest expense at year-end. b. Gross unpaid salaries for the last payroll of the fiscal year were $4,300. Assume that employee income taxes withheld are $920 and that all earnings are subject to OASDI. Record the associated employer taxes payable for the last payroll of the fiscal year, $4,300. Assume that the earnings are not subject to unemployment compensation taxes. d. On February 1, the company collected one year's rent of $6.900 in advance. the tere Print Done en a Clear All e company's fiscal years includes the following account balances before payroll and adjusting entre entries at June 30 are as follows: click the icon to view payroll tax rate information.). i Requirements nsert to as 1. Using the T-accounts opened for you. insert the unadjusted June 30 balances. 2. Journalize and post the June 30 payroll and adjusting entries to the accounts. Identify each adjusting entry by letter. Round to the nearest dollar. 3. Prepare the current liabilities section of the balance sheet at June 30, 2018 00. W Print Done and then click Check Answer. The general ledger ofte Ship at June 30, 2018, the end of the company's fiscal year, includes the following account balance before yol and adjusting entries (Click the icon to view the account balances) The additional data needed to develop the payroll and adjusting entries at June 3 are as follows Click the icon to view the additional information) Click the icon to view pa Read the Requirements 1 and 2. Using the accounts opened for you insert the unad achtingenry by round o pene dol We will start with Requirement 2. journaling the journal entries, to assist us in po the qual entry table) was paid on 31 of the preceding year Make a. The longo des payable in a l installment of 154.000, with the next the adjusting entry to accrue interest expense a year and Choose from any est or enter any number in the input fields and then click Check An bemang Check
