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Transactions a. Sales of $2,200,000 are subject to an accrued warranty cost of 8%. The accrued warranty payable at the beginning of the year was

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Transactions a. Sales of $2,200,000 are subject to an accrued warranty cost of 8%. The accrued warranty payable at the beginning of the year was $30,000, and warranty payments for the year totaled $61,000 b. On March 1, Five Mite Electronics signed a $20,000 note payabte that requites annuat payments or $4,000 plus 7% interest on the unpaid balance beginning March 1, 2022 c. Bonita. Inc, a chain of discount stores, ordered $105,000 worth of wireless speakers and related products. With its order, Bonita, Inc, sent a check for $105,000 in advance, and Five Mile shipped $45,000 of the goods Five Mile will ship the remainder of the goods on April 3.2021 d. Five Mile 's March payroll of $320,000 is subject to employee witheld incone tax of $30.000 and FiCA tax of 7.65% On March 31. Five Mile pays employees their take home pay and accrues all tax amounts Requirethent

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