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[The following information applies to the questions displayed below. One Product Corporation (OPC) incorporated at the beginning of las prepared on December 31, at the

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[The following information applies to the questions displayed below. One Product Corporation (OPC) incorporated at the beginning of las prepared on December 31, at the end of its first year of operations, The unadjusted, adjusted, or post-ciosing balances will appear for each account, based on your selection. You will need to determine and enter the beginning and ending balancos. a. On 1/01, OPC paid employees' salaries and wages that were previously accrued on December 31. b. A truck is purchased on 1,02 for $10,000 cash. It is estimated this vehicle will be used for 50.000 miles, after which it will have no residual value. c. Payroll withholdings and employer contributions for December are remitted on 1003. d. OPC declares a $0.50 cash dividend on each share of common stock on 1/04, to be paid on 1/10. e. A $950 customer account is written off as uncollectible on 1/05. f. On 1106, recorded sales of 175 units of inventory on account. Sales tax is charged but not yet collected or remitted to the state. 9. Sales taxes of $500 that had been collected and recorded in December are paid to the state on 1/07. h. On 1.08. OPC issued 300 shares of treasury stock for $2.400. 1. Collections from customers on account, totaling $8.500, are recorded on 109 . 3. On 1110. OPC distributes the $0.50 cash dividend declared on January 4 . The company's stock price is currently $5 per share. k. OPC purchases on account and receives 70 units of inventory on 111 for $4.410. 1. The equipment purchased last yearfor $25.000 is sold on 115 for $23.000 cash. Record depreciation for the first half of January prior to recording the equipment disposal. m. Payroll for January 1-15 is recorded and paid on 1/16. Be sure to ocsrue unemployment taxes and the empioyer's matching share of FICA taxes. n. Having sold the equipment, OPC pays off the note payable in full on 1:17. The amount poid is $22.585, which includes interest accrued in December and an additional $90 interest through January 17 . o. On 127. OPC records sales of 30 units of inventory on account. Sales tax is charged but not yet colected or remitted. p. A portion of the advance order from December (25 units is delivered on 1/29. No sales tax is collected on this transaction because the customer is a U.5. governmental organization that ls exempt from sales tax. q. To obtain funds for purchasing new equipment. OPC issued bonds on 1/30 with a total face value of $90,000, stated interest rate of 5 percent, annusi compounding. and six-year maturity date. OPC received $81,420 from the bond issuance. which implies a market interest rate of 7 percent. 4. On 131. OPC records unit5-of-production depreciation on the venicle (truck), which was dilven 1,900miles thls month. 5. OPC estimates that 2% of the ending accounts recelvable balance will be uncollectible. Adjust the opplicable accounts on 1/31, using the allowance method. t. On 1/31, adjust for January rent exoired. 4. Accrue January 31 payroli. on 1.31, which will be payable on February i. Be suif 20 accrue unemployment taxes and the employer's matching share of FiCA taxes. x. Accrue OPC's corporste income taxeb on 1i31, estinated to be $3.750. sing the information from the requirements above, complete the 'Analysis' tab. [The following information applies to the questions displayed below. One Product Corporation (OPC) incorporated at the beginning of las prepared on December 31, at the end of its first year of operations, The unadjusted, adjusted, or post-ciosing balances will appear for each account, based on your selection. You will need to determine and enter the beginning and ending balancos. a. On 1/01, OPC paid employees' salaries and wages that were previously accrued on December 31. b. A truck is purchased on 1,02 for $10,000 cash. It is estimated this vehicle will be used for 50.000 miles, after which it will have no residual value. c. Payroll withholdings and employer contributions for December are remitted on 1003. d. OPC declares a $0.50 cash dividend on each share of common stock on 1/04, to be paid on 1/10. e. A $950 customer account is written off as uncollectible on 1/05. f. On 1106, recorded sales of 175 units of inventory on account. Sales tax is charged but not yet collected or remitted to the state. 9. Sales taxes of $500 that had been collected and recorded in December are paid to the state on 1/07. h. On 1.08. OPC issued 300 shares of treasury stock for $2.400. 1. Collections from customers on account, totaling $8.500, are recorded on 109 . 3. On 1110. OPC distributes the $0.50 cash dividend declared on January 4 . The company's stock price is currently $5 per share. k. OPC purchases on account and receives 70 units of inventory on 111 for $4.410. 1. The equipment purchased last yearfor $25.000 is sold on 115 for $23.000 cash. Record depreciation for the first half of January prior to recording the equipment disposal. m. Payroll for January 1-15 is recorded and paid on 1/16. Be sure to ocsrue unemployment taxes and the empioyer's matching share of FICA taxes. n. Having sold the equipment, OPC pays off the note payable in full on 1:17. The amount poid is $22.585, which includes interest accrued in December and an additional $90 interest through January 17 . o. On 127. OPC records sales of 30 units of inventory on account. Sales tax is charged but not yet colected or remitted. p. A portion of the advance order from December (25 units is delivered on 1/29. No sales tax is collected on this transaction because the customer is a U.5. governmental organization that ls exempt from sales tax. q. To obtain funds for purchasing new equipment. OPC issued bonds on 1/30 with a total face value of $90,000, stated interest rate of 5 percent, annusi compounding. and six-year maturity date. OPC received $81,420 from the bond issuance. which implies a market interest rate of 7 percent. 4. On 131. OPC records unit5-of-production depreciation on the venicle (truck), which was dilven 1,900miles thls month. 5. OPC estimates that 2% of the ending accounts recelvable balance will be uncollectible. Adjust the opplicable accounts on 1/31, using the allowance method. t. On 1/31, adjust for January rent exoired. 4. Accrue January 31 payroli. on 1.31, which will be payable on February i. Be suif 20 accrue unemployment taxes and the employer's matching share of FiCA taxes. x. Accrue OPC's corporste income taxeb on 1i31, estinated to be $3.750. sing the information from the requirements above, complete the 'Analysis' tab

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