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Wages of $768 accrued at the end of the prior fiscal period were paid this fiscal period. Real estate taxes of $2,400 applicable to the
Wages of $768 accrued at the end of the prior fiscal period were paid this fiscal period. Real estate taxes of $2,400 applicable to the current period have not been accrued. Interest on bonds payable has not been accrued for the current month. The company has outstanding $360,000 of 7.5% bonds. The premium related to the bonds in part c has not been amortized for the current month. The current- month amortization is $70. Based on past experience with its warranty program, it is estimated that warranty expense for the current period should be 0.2% of sales of $918,000. Analysis of the company's income taxes indicates that taxes currently payable are $76,000 and that the deferred tax liability should be increased by $21,000. (Click to select)Notes receivableWages payableReal estate taxes payableReal estate tax expenseAccounts receivableIncome tax expenseCashInterest expense (Click to select)Interest expenseReal estate tax expenseCashAccounts receivableWages payableNotes receivableIncome tax expenseReal estate taxes payable (Click to select)Wages payableAccounts receivableNotes receivableNotes receivableReal estate taxes payableCashReal estate tax expenseIncome tax expenseInterest expense (Click to select)Accounts receivableReal estate taxes payableCashInterest expenseWages payableReal estate tax expenseIncome tax expenseNotes receivable c. (Click to select)Wages payableAccounts receivableCashReal estate tax expenseIncome tax expenseNotes receivableReal estate taxes payableInterest expense (Click to select)Estimated warranty expenseAccounts receivableInterest expensePremium on bonds payableInterest revenueInterest payableEstimated warranty liabilityCash d. (Click to select)Interest expenseAccounts receivableEstimated warranty expenseCashPremium on bonds payableEstimated warranty liabilityInterest payableInterest revenue (Click to select)Accounts receivableInterest payableInterest expenseCashPremium on bonds payableEstimated warranty expenseEstimated warranty liabilityInterest revenue e. (Click to select)Accounts receivableInterest revenueEstimated warranty expenseInterest payablePremium on bonds payableEstimated warranty liabilityInterest expenseCash (Click to select)Accounts receivableEstimated warranty expensePremium on bonds payableInterest expenseEstimated warranty liabilityCashInterest revenueInterest payable (Click to select)Interest expenseAccounts receivableCashInterest revenueDeferred income taxesIncome tax expenseInterest payablePremium on bonds payable (Click to select)Interest revenueInterest payableAccounts receivableInterest expenseDeferred income taxesCashPremium on bonds payableIncome taxes payable (Click to select)CashPremium on bonds payableDeferred income taxesInterest payableIncome taxes payableInterest revenueInterest expenseAccounts receivable
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