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The following totals for the month of April were taken from the payroll records of Marigold Corp.. $93600 7160 19500 Salaries FICA taxes withheld Income
The following totals for the month of April were taken from the payroll records of Marigold Corp.. $93600 7160 19500 Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes 3500 250 1680 The entry to record the payment of net payroll would include a O debit to Salaries and Wages Payable for $63440. O debit to Salaries and Wages Payable for $56280. O debit to Salaries and Wages Payable for $61760. O credit to Cash for $70600. A corporation issues $327000.8%, 5-year bonds on January 1, 2020, for $340800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized in December 31, 2020's adjusting entry is $28920. $26160. $2760. O $23400 Sheridan Company received proceeds of $912000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $968000, pay interest annually on December 31, and have a call price of 104. Sheridan uses the straight-line method of amortization. What is the amount of interest expense Sheridan will show with relation to these bonds for the year ended December 31, 2020? $54720 $52480 O $63680 $58080
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