The trial balance of Pacilio Security Services, Incorporated as of January 1, Year 9 , had the following normal belances. During Year 9 , Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 8 . 2. Paid $9,000 on May 2, Year 9, for one year's office rent in advance. 3. Purchased $425 of supplies on account. 4. Purchased 145 alarm systems at a cost of $290 each. Paid cash for the purchase 5. After numerous attempts to collect from customers, wrote off $2,060 of uncollectible accounts receivable. 6. Sold 130 alarm systems for $580 each plus sales tax of 5 percent. All sales were on account. 7. Record cost of good sold for the sales transaction mentioned in previous transaction (number 6). Be sure to compute cost of goods sold using the FIFO cost flow method. 8. Billed $107,000 of monitoring services for the yeat. Credit card sales amounted to $42, 100 , and the credit card company charged a 4 percent fee. The remaining $65,000 were sales on account. Sales tax is not chargeo on this service. 9. Replenished the petty cash fund on June 30. The fund had $5 cash and has receipts of $60 for yard mowing. $15 for office supplies expense, and $17 for miscellaneous expenses. 10. Collected the amount due from the credit card company. 11. Paid the sales tax collected on $69.600 of the alarm sales. 12. Paid installers and other employees a total of $65,000 for salaries for the year Assume the Social 5 ecurity tax rate is 6 percent and the Medicare tax rate is 1.5 percent. Federal income taxes withield amounted to $7,500. Cash was paid for the net amount of salaries due. 13. Pacilio now offers a one-year warranty on its alarm systems. Paid $1,950 in warranty repairs during the year. 14. On September 1, borrowed $12.000 from State Bank. The note had on 8 percent interest rate and a one-year term to maturity. 15. Collected $136,100 of accounts receivable during the year. 16. Paid $15,000 of advertising expense during the yeat. 17. Paid $7,200 of utilities expense for the year. 18. Paid the payroll taxes, both the amounts withheld from the salaries plus the employer share of Social Security tax and Medicare tax on $60,000 of the salaries plus $7,000 of the federal income tax that was withheld. (Unemployment taxes were not paid at this time] 19. Paid the accounts payable. 20. Paid a dividend of 510,000 to the shareholders Adjustments 21. There was $165 of supplies on hand at the end of the yeat 22. Recoonized the expired fent for the office building for the year: 23. Recognized uncollectible accounts expense for the yoar using the allowance method. The company revised its eatimate of uncollectible accounts based on prior years' experience. This yeac. Pacilio estimates that 275 percent of sales on account will not be collected. 24. Recognized depreciation experse on the equipmemt and the van. The equipment has a five-year ife and a 52.000 salvage value. The van has a fout-year life and a $6,000 salvage value. The company wses double-decining-balince foe the yart and stralghis ine for the equipment. (A fullyear's depreciation was taken in Year 8, the year of acquistion) 25. The alarm systerns sold in transaction 6 were covered with a one-year warranty. Picil o estimated that the warranty coat wotid be 3 for the equipment. (A full year's depreciation was taken in Year 8, the year of acquisition) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the yeat. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax). 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record trensactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (If no entry is required for a trinsaction, select "No joumat entry required" in the first account field, Round your answers to the nearest dollar armount. Journal entry worksheet (2) 6?891031 Paid the sales tax collected on $69,600 of the alarm sales. Record the transaction. Nute; Finter defuts befare urebits. for the equipment (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9. 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent ($14,000 of salaries is subject to this tax) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the foumat entries to record transactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the periad. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (II no entry is required for a transaction, select "No journat entry required" in the first account field. Round your answers to the nearest dollar amount.) show less a Journal entry worksheet Pald installers and other employees a total of $65,000 for salaries for the year. Assume the Social Security tax rate is 6 percent and the Medicare tax rate is 1.5 percent. Federal income taxes withheld amounted to 57,500 . Cash was paid for the net amount of salaries due. Record the transaction. for the equ pment. (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 27. The unemployment tax on salaries has not been paid Recorded the accrued unemplayment tax on the salaries for the year. The unemployment tax rate is 4.5 percent (\$14,000 of salaries is subject to this tax) 28. Recognized the employer Sodal Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumat entries to record trensactions (1) through (20). Then prepare the necessary adjusting entrias (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9. (II no entry is required for a transaction, select "No joumal entry required" in the first account fleld. Round your answers to the nearest dollar amount.) show lesta Journal entry worksheet Padilo now offers a one-year warranty on its alarm systems. Paid $1,950 in warranty repairs during the year. Record the transaction. Fote: Eniter debits before creditn. for the equipment. (A full year's depreciation was taken in Year 8 , the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31 , Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepire the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (If no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount.) shew less a Journal entry worksheet On September 1, borrowed $12,000 from State Bank. The note had an 8 percent interest rate and a one-year term to maturity. Record the transaction. Note Roiter detina before credits. for the equipment (A full year's depreciation was taken in Year 8 , the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales 26. Recognized the accrued interest on the note payable at December 31 , Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. ( $14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (If no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount.) show less a Journal entry worksheet (1) 101112131431 Collected $136,100 of accounts receivable during the year. Record the transaction. Notej finter debits befort crebits. for the equipment (A full year's depreciation was taken in Year 8, the year of acquisition) 15. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record transactions (1) through (20). Then prepare the necpssary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9. (If no entry is required for a transaction, select "No journal entry required" in the first account fleld. Round your answers to the nearest dollar amount.) Journal entry worksheet Paid $15,000 of advertising expense during the year. Record the transaction. Note: Enter debits before credits. for the equipment. (A full year's depreciation was taken in Year 8 , the year of acquisition.) 25. The alam systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would b percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record transactions (1) through (20). Then prepare the necessary adjusting entrles (21) through (28) to correctly report net income for the period. Then record the dosing entrles (29) through (31) as of December 31, Year 9. (If no entry is requlred for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount) show less A Journal entry worksheet 11213141516 31 Paid $7,200 of utilities expense for the year. Record the transaction. Note Eintrr debits before oredith. for the equipment. (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9. 27. The unempioyment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entrles to record trensactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the closing entries (29) through (31) as of December 31, Year 9. (II no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount) Journal entry worksheet Paid the payroll taxes, both the amounts withheld from the salaries plus the employer share of Sodal Security tax and Medicare tax, on $60,000 of the salaries plus $7,000 of the federal income tax that was withheld. (Unemployment taxes were not paid at this time.). Record the transaction. Note Enter dehits before credits. for the equipment. (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent ( $14,000 of salaries is subject to this tax) 28. Recognized the employer Socal Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepare the necessary adfusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entrles (29) through (31) as of December 31, Year 9 . (If no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount.) Show lens Journal entry worksheet Note: Enter debits befort credits. for the equipment. (A full year's depreciation was token in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9. 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record transactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to comectly report net income for the period. Then record the dosing entries (29) through (31) as of December 31 , Year 9 . (II no entry is required for a transaction, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.) show less a Journal entry worksheet (1) 1516171831 Paid a dividend of $10,000 to the shareholders. Record the transaction. Wote: Enter dobits belure crevits. for the equipment (A full year's depreciation was taken in Year 8, the year of acquisition) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the aocrued interest on the note payable at December 31, Year 9. 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepare the necessary adjusting entrles (21) through (28) to comrectly report net income for the period. Then record the dosing entrles (29) through (31) as of December 31, Year 9. (If no entry is required for a trensaction, select "No joumal entry required" In the first account field. Round your answers to the nearest dollar amount.) show less Journal entry worksheet There was $165 of supplies on hand at the end of the year. Prepare the adjusting joumal entry, if necessary. Notet Futnr debits before credits The trial balance of Pacilio Security Services, Incorporated as of January 1, Year 9 , had the following normal belances. During Year 9 , Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 8 . 2. Paid $9,000 on May 2, Year 9, for one year's office rent in advance. 3. Purchased $425 of supplies on account. 4. Purchased 145 alarm systems at a cost of $290 each. Paid cash for the purchase 5. After numerous attempts to collect from customers, wrote off $2,060 of uncollectible accounts receivable. 6. Sold 130 alarm systems for $580 each plus sales tax of 5 percent. All sales were on account. 7. Record cost of good sold for the sales transaction mentioned in previous transaction (number 6). Be sure to compute cost of goods sold using the FIFO cost flow method. 8. Billed $107,000 of monitoring services for the yeat. Credit card sales amounted to $42, 100 , and the credit card company charged a 4 percent fee. The remaining $65,000 were sales on account. Sales tax is not chargeo on this service. 9. Replenished the petty cash fund on June 30. The fund had $5 cash and has receipts of $60 for yard mowing. $15 for office supplies expense, and $17 for miscellaneous expenses. 10. Collected the amount due from the credit card company. 11. Paid the sales tax collected on $69.600 of the alarm sales. 12. Paid installers and other employees a total of $65,000 for salaries for the year Assume the Social 5 ecurity tax rate is 6 percent and the Medicare tax rate is 1.5 percent. Federal income taxes withield amounted to $7,500. Cash was paid for the net amount of salaries due. 13. Pacilio now offers a one-year warranty on its alarm systems. Paid $1,950 in warranty repairs during the year. 14. On September 1, borrowed $12.000 from State Bank. The note had on 8 percent interest rate and a one-year term to maturity. 15. Collected $136,100 of accounts receivable during the year. 16. Paid $15,000 of advertising expense during the yeat. 17. Paid $7,200 of utilities expense for the year. 18. Paid the payroll taxes, both the amounts withheld from the salaries plus the employer share of Social Security tax and Medicare tax on $60,000 of the salaries plus $7,000 of the federal income tax that was withheld. (Unemployment taxes were not paid at this time] 19. Paid the accounts payable. 20. Paid a dividend of 510,000 to the shareholders Adjustments 21. There was $165 of supplies on hand at the end of the yeat 22. Recoonized the expired fent for the office building for the year: 23. Recognized uncollectible accounts expense for the yoar using the allowance method. The company revised its eatimate of uncollectible accounts based on prior years' experience. This yeac. Pacilio estimates that 275 percent of sales on account will not be collected. 24. Recognized depreciation experse on the equipmemt and the van. The equipment has a five-year ife and a 52.000 salvage value. The van has a fout-year life and a $6,000 salvage value. The company wses double-decining-balince foe the yart and stralghis ine for the equipment. (A fullyear's depreciation was taken in Year 8, the year of acquistion) 25. The alarm systerns sold in transaction 6 were covered with a one-year warranty. Picil o estimated that the warranty coat wotid be 3 for the equipment. (A full year's depreciation was taken in Year 8, the year of acquisition) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the yeat. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax). 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record trensactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (If no entry is required for a trinsaction, select "No joumat entry required" in the first account field, Round your answers to the nearest dollar armount. Journal entry worksheet (2) 6?891031 Paid the sales tax collected on $69,600 of the alarm sales. Record the transaction. Nute; Finter defuts befare urebits. for the equipment (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9. 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent ($14,000 of salaries is subject to this tax) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the foumat entries to record transactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the periad. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (II no entry is required for a transaction, select "No journat entry required" in the first account field. Round your answers to the nearest dollar amount.) show less a Journal entry worksheet Pald installers and other employees a total of $65,000 for salaries for the year. Assume the Social Security tax rate is 6 percent and the Medicare tax rate is 1.5 percent. Federal income taxes withheld amounted to 57,500 . Cash was paid for the net amount of salaries due. Record the transaction. for the equ pment. (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 27. The unemployment tax on salaries has not been paid Recorded the accrued unemplayment tax on the salaries for the year. The unemployment tax rate is 4.5 percent (\$14,000 of salaries is subject to this tax) 28. Recognized the employer Sodal Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumat entries to record trensactions (1) through (20). Then prepare the necessary adjusting entrias (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9. (II no entry is required for a transaction, select "No joumal entry required" in the first account fleld. Round your answers to the nearest dollar amount.) show lesta Journal entry worksheet Padilo now offers a one-year warranty on its alarm systems. Paid $1,950 in warranty repairs during the year. Record the transaction. Fote: Eniter debits before creditn. for the equipment. (A full year's depreciation was taken in Year 8 , the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31 , Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepire the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (If no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount.) shew less a Journal entry worksheet On September 1, borrowed $12,000 from State Bank. The note had an 8 percent interest rate and a one-year term to maturity. Record the transaction. Note Roiter detina before credits. for the equipment (A full year's depreciation was taken in Year 8 , the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales 26. Recognized the accrued interest on the note payable at December 31 , Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. ( $14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9 . (If no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount.) show less a Journal entry worksheet (1) 101112131431 Collected $136,100 of accounts receivable during the year. Record the transaction. Notej finter debits befort crebits. for the equipment (A full year's depreciation was taken in Year 8, the year of acquisition) 15. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record transactions (1) through (20). Then prepare the necpssary adjusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entries (29) through (31) as of December 31, Year 9. (If no entry is required for a transaction, select "No journal entry required" in the first account fleld. Round your answers to the nearest dollar amount.) Journal entry worksheet Paid $15,000 of advertising expense during the year. Record the transaction. Note: Enter debits before credits. for the equipment. (A full year's depreciation was taken in Year 8 , the year of acquisition.) 25. The alam systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would b percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record transactions (1) through (20). Then prepare the necessary adjusting entrles (21) through (28) to correctly report net income for the period. Then record the dosing entrles (29) through (31) as of December 31, Year 9. (If no entry is requlred for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount) show less A Journal entry worksheet 11213141516 31 Paid $7,200 of utilities expense for the year. Record the transaction. Note Eintrr debits before oredith. for the equipment. (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9. 27. The unempioyment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entrles to record trensactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to correctly report net income for the period. Then record the closing entries (29) through (31) as of December 31, Year 9. (II no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount) Journal entry worksheet Paid the payroll taxes, both the amounts withheld from the salaries plus the employer share of Sodal Security tax and Medicare tax, on $60,000 of the salaries plus $7,000 of the federal income tax that was withheld. (Unemployment taxes were not paid at this time.). Record the transaction. Note Enter dehits before credits. for the equipment. (A full year's depreciation was taken in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9 . 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent ( $14,000 of salaries is subject to this tax) 28. Recognized the employer Socal Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepare the necessary adfusting entries (21) through (28) to correctly report net income for the period. Then record the dosing entrles (29) through (31) as of December 31, Year 9 . (If no entry is required for a transaction, select "No joumal entry required" in the first account field. Round your answers to the nearest dollar amount.) Show lens Journal entry worksheet Note: Enter debits befort credits. for the equipment. (A full year's depreciation was token in Year 8, the year of acquisition.) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be percent of alarm sales. 26. Recognized the accrued interest on the note payable at December 31, Year 9. 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax.) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the journal entries to record transactions (1) through (20). Then prepare the necessary adjusting entries (21) through (28) to comectly report net income for the period. Then record the dosing entries (29) through (31) as of December 31 , Year 9 . (II no entry is required for a transaction, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.) show less a Journal entry worksheet (1) 1516171831 Paid a dividend of $10,000 to the shareholders. Record the transaction. Wote: Enter dobits belure crevits. for the equipment (A full year's depreciation was taken in Year 8, the year of acquisition) 25. The alarm systems sold in transaction 6 were covered with a one-year warranty. Pacilio estimated that the warranty cost would be 3 percent of alarm sales. 26. Recognized the aocrued interest on the note payable at December 31, Year 9. 27. The unemployment tax on salaries has not been paid. Recorded the accrued unemployment tax on the salaries for the year. The unemployment tax rate is 4.5 percent. (\$14,000 of salaries is subject to this tax) 28. Recognized the employer Social Security and Medicare payroll tax that has not been paid on $5,000 of salaries expense. Prepare the joumal entries to record transactions (1) through (20). Then prepare the necessary adjusting entrles (21) through (28) to comrectly report net income for the period. Then record the dosing entrles (29) through (31) as of December 31, Year 9. (If no entry is required for a trensaction, select "No joumal entry required" In the first account field. Round your answers to the nearest dollar amount.) show less Journal entry worksheet There was $165 of supplies on hand at the end of the year. Prepare the adjusting joumal entry, if necessary. Notet Futnr debits before credits