[The following intormation applles to the questions displayed below.] One Product Corporation (OPC) incorporated at the beginning of last yeac. The belances on its post-losing trial batance prepared on December 31 , at the end of its first year of operations, were: The following inflormation is relevent to the first month of operations in the following yeat. - OPC sells its inventory at $150 per unit, plus sales tax of 6 percent. OPCs lanuary 1 invemtary belance consists of 180 units at a total cost of \$12,420. OPCS policy is to ise the FIFO method, recorded using a perpelual inventory? system - The $1960 in Prepaid Reer relates to a payment made in December for Januacy rent thes yeac - The equipment was purchased on July 1 of last year, it has a fesidial value of 51000 and an erpected life of 5 ive years. It is being deperctated using the straightiline method. - Employee wages are $4,000 per morth. Employees are paid on the 76 th for the frat har or me month and on the first day of the following month for the second hal of each month. Watholdings each pey period include $250 of income thees and 5150 of FiCA taxes. These witholdings and the employers matching contribution are paid monthly on the second doy of the following monte in adolition, unemploymeet tanes of 550 are accrued each pay period, and will be paid on March 31 - Defered Revenue is for 30 units ordered and paid for in advance by two customen in tate Decembec One order of 25 units is to be filled in January, and the ceher will be filled in Febraary. - Notes Payable arises trom e three-yeac, 9 percent bank loan recelved on October 1 lant yeac. - The parvalue on the common tock is $2 per share. - Treasury Stock arises from the rescquatition of 500 shares at a cost of 58 per share. January Transactions a. On vor OPC poid employees' salpies and wages that were previousy acchand on December 37 . b. A truck is purchased on 102 for $10,500 cash. It is estimated this vehicle wit be ised for 50,000 mies, atter which it will have no tesidual value. c. Payroll withioldings and enployer contributions for December are remaled ton tos. d. OPC deciares a 50.50 cash dividend on each share of comthon stock on 104 , to be peid on wo. e. A sto40 customer account is written off as uncollectible on 105 . tOn 106, recorded sales of 175 units of invemory on account Saies tax is charged but not yet collected or cemithed to the state. g. Sales tawes of $500 that had been collected and recorded in December are paid to the sute on voz. h. On vok, OPC ssued 300 sheves of treasury stock for 52.400 i. Collectons from customers on account, totaling 518,07 are recerded on 1e9. IOn 1/4. OPC distrbutes the 50.50 cash dividend declared on Jaruary 4 . The comoasy's stack price in curnenfy 55 per shtere. k OPC purchases on accoumt and receives 70 units of imventory on 171 for $4,620 i The equipment purchused last year for $46,500 is sold on 1 th for $48,200cach. Eecerd drpocelason for the fint bat of Janusy prior to recording the equipment disposal m. Payroll for January 1+15 is recorded and paid on V75. Be sure to accrue uneeploymene tuses and the empicyer: matching share of fiCA taxes a Hoving sold the equipment OPC pays off the note pmyable in fut on 17t. The amount paia an 524434 which inchides interest accrued in Docember and an additional 59A interest throuph danuey 17. a. On 127, OpC records sales of 30 units of lmentory on account Sales lax is charped but not ywe colectiect or reonted. p. A portion of the edvance ceder trom December (25 unitb) is delvered on v29 Now shes tan ia collected on the 5 percert, annival compounding and alxyear maturty date. Opc receive 39204 hom the bend C recocies a madet interest rote of 7 peccent. on val using the alowance method q. To obtain funds for purchasing new equipment, OPC issued bon turity date. OPC recelved $97,704 from the botu interest rate of 5 percent, annual compounding. and six-year issuance, which implies a market interest rate of 7 percent . On 1/31, OPC records units ofproduction depreciation on the vehicle (truck). which was driven 2.000 miles this month. accounts s. OPC estimates that 2% of the ending u. Accrue January 31 payroll on 1/31, which will be payable on February 1. Be sure to accrue unemployment taxes and the t On 1/31, adjust for January rent explred. employer's matching share of FICA taxes. v. Accrue OPC's corporate income taxes on 1/31, estimated to be $5,140. 8. Rather than distribute a cash dividend in January (see item j). OPC considered issuing a 30 percent stock dividend on common stock. What journal entry would OPC record had a 30 percent stock dividend been issued? 9. What journal entry would OPC record had a 10 percent stock dividend been issued? Complete this question by entering your answers in the tabs below. Rather than distribute a cash dividend in Jamuary (see item j), OpC considered issulng a 30 percent stock dividend on common stock. Bather than distribute a cash dividend in january (see item ). OPC considered issuing a 30 percent stock dividend on common stock. What journal entry would opC record had a 30 percent stock didend been issued? (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.). Journal entry worksheet Record the lisuance of 30 percent stock dividend. Mote ther debut tefort oredth. stock. What journal entry would OPC record had a 30 percent stock dividend been issued? 9. What journal entry would OPC record had a 10 percent stock dividend been issued? Complete this question by entering your answers in the tabs below. What journal entry would OPC record had a 10 percent stock dividend been issued? (If no entry is required for a transaction/event. select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the issuance of 10 percent stock dividend. Noket Enter debits before credis