shutteet Home 5 Chapter 8 Homework - Google ast edit was seconds ago 12 + BIVA CD E 15 4 - E-EX Chapter 8 Homework: Salary Expense and Payroll Tax Expense Ergo Company has one employee who is paid a salary of $8 500 per month Payroll information for the first month of the year is Federal and state income tax withheldi S1275 FICA social security and Medicare) 7.65% Federal unemployment (FUTA and SUTA) tax rate on the 1S7000 of wages) 6.26 Insurance Premiums (paid by Employees) $400 Insurance Premiums (paid by Employer) S600 Parti Prepare Ergo's journal entry to record the first month's salary expense and employee withholdings, Payroll tax expense will be recorded in part 2 Date Account Name Debit Credit Part 2 Prepare Ergos journal entry to record employer payroll taxes for the first month's payroll Bate Dahil AGEN Student Home Quines and Home Fal 3 Chapter 8 Homework - Google X + it was seconds ago 2 + BIU A 5 CP EEEEEE 2 5 Part 2: Prepare Ergo's journal entry to record employer payroll taxes for the first month's payroll Date Account Name Debit Credit Part 3. Prepare Ergo's journal entry to record fringe benefits for the first month's payroll Date Account Name Debit Credit Notes: -Home 5 Chapter 8 Homework - Google seconds ago BI U A 19 E-EEE * 4 5 6 Notes: On September 1, 2022, Hare Today pet-supply store Co borrowed $9,000 from Gone Tomorrow Bank, signing a 6-month, 4-percent note. Interest is to be paid at maturity. Hare Today and Gone Tomorrow both have a December 31 year-end 1 Record the joumal entry for the transaction for Hare Today, the borrower, on September 1, 2022 2. Record the appropriate adjusting entry related to the note by Hare Today on December 31, 2022 3. Record the journal entry for the payment of the amount due to Gone Tomorrow at the note's maturity on March 1.2023 Date Account Name I Debit Credit Ent Home F Chapter 8 Homework - Google s seconds ago + BIUA te - - IE * Notes 2: On September 1, 2022, Hare Today pet-supply store Co borrowed $9,000 from Gone Tomorrow Bank signing a 6-month, 4-percent note. Interest is to be paid at maturity. Hare Today and Gone Tomorrow both have a December 31 year-end. 1. Record the journal entry for the transaction for Gone Tomorrow, the lender, on September 1, 2022 2. Record the appropriate adjusting entry related to the note by Gone Tomorrow on December 31, 2022 3. Record the journal entry for the payment of the amount due from Hare Today at the note's maturity on March 1, 2023 Date Account Name Debit Credit I 2 Student Home E Chapter 8 Homework - Google + edit was 2 minutes ago 12 + BIVA co IE 15. E-EE 5 Listed below are several terms and phrases associated with current liabilities. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it List A List B 1. Long-term debt maturing within one a. FICA year of the bala sheet date. 2. Borrowing from another company b. Acid-test ratio with maturities up to 210 days. 3. Classifying liabilities as either current Interest expense or long-term helps investors and creditors assess this 4. Cash, short-term investments, and Commercial paper accounts receivable all divided by current liabilities 5. Incurred on notes payable e Deferred revenues f. Liquidity 6. Social Security and Medicare Current portion of long-term debt Gift cards h Acid-test ratio 18. Earned on notes receivable