Transactions - extra 90-day, parts or aipment actions stions in Jan. resentatio Feb. at 3 percent of sales 2,000 (not I entries. ral Journal Mar. 31 Sales for the month totalled $360,000 (not including HST), of which 85 percent were on credit. The company collects 13 percent HST on all sales and estimates its warranty costs at 3 percent of sales. 31 Based on last year's property tax assessment, the company estimated that the property taxes for the year would be $162,000 (6 percent of last year's $2,700,000 assessed value). Recorded the estimated property taxes for the month; credit Property Taxes Payable. 4 Completed repair work for a customer. The repair parts ($3,500) and labour ($3,550) were all covered under the warranty. 7 Remitted the appropriate HST for the month of January (the company had paid $19,000 HST on purchases in January) 28 Recordedythe estimated property taxes for the month of February 28 Sales for the month totalled $360,000 (not including HST), of which 90 percent were on credit. The company estimates its warranty costs at 3 percent of sales. 7 Remitted the appropriate HST for the month of February (the company had paid $20,500 HST on purchases in February) 8 Networx Solutions received notice that it was being sued by a customer for an error resulting from the failure of its product. The company's lawyer was reluctant to estimate the likely outcome of the lawsuit, but another customer indicated that a similar case had resulted in a $100,000 settlement. 15 Completed repair work for a customer. The repair parts ($4,400) and labour ($3,200) were all covered under the warranty. 21 Completed repair work for a customer. The repair parts ($2,000) were covered by the warranty, but the labour ($2,050) was not. Payment for the labour is due from customer in 30 days. 31 Sales for the month totalled $322,000 (not including HST), of which 75 percent were on credit. The company estimates its warranty costs will increase to 6 percent of sales. 31 Received the property tax assessment for 2019. It showed the assessed value of the property to be $3,100,000 and a tax rate of 5.6 percent of the assessed value. The company made the appropriate adjustment and used the Property Taxes Payable account. Property tax will be paid on December 31, 2019. Recorded the estir tax assessmd ound your ar eneral Journal ints Print Done aber in the inpu MacBook Air Network Solution produces and selstum quement and sorting systems for businesses near the Holland Marsh in Ontario. The company offers a 60-day alquipment and bound an extra day. parts only way on all of its products. The company had the following transactions in 2018 Click on the icon to view all the transactions in 2010.) Required 1. Joumalize the above transactions 2. Show the appropriate financial statement presentation for all abilities Requirement 1. Journalize the transactions January 31. Sales for the month totaled $300,000 (not including HST), of which 85 percent were on credit. The company colects 13 percent HST on all sales and estimates its warranty cows at 3 percent of sales Record debits first, then credits. Exclude explanations from journal entries. Choose "no jumal entry on the topline no journal entry is required) General Journal Date Accounts Debit Credit 2010 January 31. Based on last year's property tax ment, the company estimated that the property taxes for the year would be $162,000 percent of last year's $2.700.000 sd value. Recorded the estimated property taxes for the month credit Property Taxes Payable (Round your answers to the nearest dollar) General Journal Date Accounts Debit Credit Choose from any let or enter any number in the input fields and then continue to the next question. MacBook Air 80 888 25 C ) $ 4 % 5 & 7 C 9 7 8 0 2 3 6 W T P Q E 0 R Y I U A S D F K G H Required 1. Joumalize the above transactions. 2. Show the appropre financial statement presentation for all January 31. Based on last year's property tax assent, the company estimated that the property for the year would be $102.000 16 percent of last year's 52.700,000 assessed value). Recorded the estimated property taxes for the montre credit Property Taxes Payable. (Round your answers to the nearest dolar) General Journal Date Accounts Debit Credit February 4. Completed repair work for a customer. The repair parts (53,500) and whour ($3,550) were all covered under the waranty General Journal Date Accounts De Crede Feb February 7 Remed the proprie ST for the month of January the company had paid $19.000 ST on purchases in Jay Choose from any store any in the input and then continue to the next MacBook Air SO da! Fe : W& $ 4 0 5 6 7 8 1 2 Y U 1 0 P W R T E D S F H G J K L es lock > N B 7 M Required 1. Journalize the above transactions 2. Show the appropriate financial statement presentation for all liabilities. February 7. Romitted the appropriate HST for the month of January (the company had paid $19.000 HST on purchases in January General Journal Date Accounts Deb Credit Feb February 28. Recorded the estimated property taxes for the month of February (Round your answer to the nearest dollar) General Journal Date Accounts Debit Credit Feb February 28, Sales for the month totalled $360,000 (not including HST), of which 90 percent were on credit. The company estimates its warranty costs at 3 percent of sales General Journal Choose from any lot or enter any number in the input fields and then continue to the next question MacBook Air 80 888 og D esc FS F6 A # 3 % 5 & 7 2 1 4 6 8 9 0 o W E Q R Y U T 1 products. The company had the following transactions in 2019 Click on the icon to view all the transactions in 2019.) Required 1. Joumalize the above transactions, 2. Show the appropriate financial statement presentation for all liabilities February 28. Sales for the month totalled $360,000 (not including HST), of which 90 percent were on credit. The company estimates its warranty costs at 3 percent of sales General Journal Date Accounts Debit Credit Feb March 7. Remitted the appropriate HST for the month of February (the company had paid $20,500 HST on purchases in February). (Round your answers to the nearest dollar) General Journal Date Accounts Debit Credit Mar Choose from any list or enter any number in the input fields and then continue to the next question og bu PE 80 esc FS & @ # 3 $ 4 % 5 & 7 8 6 9 0 2 0 P 14 E U R. T. Networx Solutions produces and selfarm equipment and sorting systems for businesses near the Holland Marsh in Ontario. The company offers a 60-day, all equipment and labour-and andra o-day parts-only wanty on all of products. The company had the following transactions in 2019: click on the icon to view all the transactions in 2019.) Required 1. Journalire the above transactions 2. Show the appropriate financial statement presentation for all liabilities March & Networx Solutions received notice that it was being sued by a customer for an error resulting from the failure of its product. The company's lawyer was reluctant to estimate the likely outcome of the lawsuit but another customer indicated that a smicas had resulted in a $100.000 settlement General Journal Date Accounts Debt Credit Mar March 15. Completed repair work for a customer. The repair parts (54,400) and labour (53.200) were covered under the warranty General Journal Date Accounts Debit Credit Mar March 21. Completed repair work for a customer. The reports ($2,000) were covered by the warranty, but the labour ($2.05) was not. Payment of the labour is due from customer in 30 days. Choose from any list or enter any number in the routes and then continue to the next Question MacBook Air SO 35 F B A C 1 $ 4 % 5 9 7 8 3 0 6 N P o W E R T Y U S F G H J K L Required 1. Joumalize the above transactions 2. Show the appropriate financial statement presentation for all liabilities March 21. Completed repair work for a customer. The repair parts ($2,000) were covered by the warranty, but the labour ($2,050) was not. Payment of the labour is due from customer in 30 days. General Journal Date Accounts Debit Credit March 31. Sales for the month totalled $322.000 (not including HST), of which 75 percent were on credit. The company estimates its warranty costs will increase to 6 percent of sales General Journal Date Accounts Debit Credit Mar Choose from any list or enter any number in the input folds and then continue to the next question MacBook Air C DO 2 RO 85 esc 1 % A & 7 - o $ 4 9 8 2 6 3 5 0 P U E T W R Y J K L H S D F quired Journalize the above transactions Show the appropriate financial statement presentation for all abilities March 31. Received the property tax assessment for 2010. It showed the assessed value of the property to be $3,100,000 and a tax rate of 5.6 percent of the assessed value. The company made the appropriate adjustment and used the Prop Taxes Payable account. Property tax will be paid on December 31, 2019 Combine the new assessed monthly property tax amount with the necessary adjustment for January and February (Round intermediary calculations to two decimal places. Round your final answers to the nearest dollar) General Journal Date Accounts Debit Credit Mar Requirement 2. Show the appropriate financial statement presentation for all abilities (Round your answers to the nearest dollar) Network Solutions Balance Sheet March 31, 2019 UABILITIES Current les Choose from any list or enter any number in the inputs and then continue to the next question MacBook Air 888 90 25 21 FE A # $ 4 % 5 & 7 0 6 8 2 3 I Y P 0 U W R T Q E F G D J K L H S A Sy businesses near the Holland Marsh in Ontario. The company offers a 60 day, all equipment and labour and an extra 90-day parts-only warranty on all of ucts. The company had the following transactions in 2019: Click on the icon to view all the transactions in 2019.) pired bumalize the above transactions how the appropriate financial statement presentation for allabies General Journal Date Accounts Debit Credit equirement 2. Show the appropriate financial statement presentation for all abilities. (Round your answers to the nearest dollar) Network Solutions Balance Sheet March 31, 2019 LIABILITIES Current abilities Total current liabetes Choose from any list or enter any number in the rout fields and then continue to the next question MacBook Air 5 :9 : 30 888 % $ 4 & 7 8 9 6 5 2 3 P 0 U I Y T R W Q m