Use this information to answer the next 2 questions. Jamal Company employees are paid at the end of every week. There are 2 employees and each are paid $500 per week. Jamal withholds $50 in Federal tax and $25 in state tax per employee. Jamal then remits these taxes withheld at the end of every quarter At the end of every week, Jamal Company would record a payroll transaction that would: a. 2. Decrease Cash by $850 and increase Salary Expense by $1,000 b. Decrease Cash by $500 and increase Salary Expense by $500 Decrease Cash by $450 and increase Salary Expense by $450 c. d. Decrease Cash by $425 and increase Salary Expense by $425 3. When Jamal Company records the weekly salary payments, what accounts would be impacted? a. Cash, Salaries Payable, Federal tax expense, and state tax expense b. Cash, Salaries Expense, Federal taxes payable, and state taxes payable c. Cash, Salaries Expense, Federal tax expense, and state tax expense d. Cash and Salaries Expense only. Any Federal or state tax accounts would be impacted at quarter-end when Jamal Company pays those taxes Technical Services, Inc. (TSI) guarantees the quality of its instructional services. TSI earned $40,000 of cash revenue from instructional services in Year 1. The company estimates that future warranty elaims will be 6 percent of revenue. During Year 1, TSI paid $700 cash on warranty claims. Based on this information, the amount of net income and the net change in cash for Year 1 would be a. $37,600/$39,300. b. $37,600/$37,600. c. $39,300/39,300. d. $38,300/$39,300. 4