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ACCOUNTING EOUS JOURNAL DEBIT CREDIT ASSETS POST. REF: LABILITIES 85,500.00 1 307,800.00 57,000.00 3 119,700.00 5 DATE DESCRIPTION Oct 15 Sales Salaries Expense Officers Salaries Expense Office Salaries Expense Factory Wages Expense Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Medical Insurance Payable Retirement Contributions Payable 34,200.00 M 8,550.00 102,600.00 62,700.00 85,500.00 276,450.00 10 5 44176.00 11 34200.00 Salaries Payable 15 Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable 15 Pension Expense 8,550.00 11 184.00 1 124200 39,900.00 Cash 39.900.00 Copperfield and Company issued a day 6.00 note for 100,000 to order onnur Thermos de entered the follower une enties te meerd the note on Jay 10, and the payment of a putem MOUR ACCOUNT FOLATOH DECTION POSTAL DERE CREDIT ATS LIARES TULITY 190,000.00 DATE M. 10 Accounts Payable Notes Pytle Note Pune Accounts Payable 110,000.00 1 201.400.00 . 1 190.00000 11.400.00 Interest Expense You notice that the jours entry for recording te note on July 10 15 correct, but the entry for the payment of the role at matuty roding interest did not have a date and was not correct Jourmalce the payment of the note at matury as a anul have been oumaised Don't forget to nolude the date. Assume a 90 day year 21 JOURNAL ACCOUNTING EQUATION You notice that the journal entry for recording the note on July 10, but the entry for the payment of the note at maturty including interest did not have a date and was not correct Journaise the payment of the hole at maturity as should have been purmated Don't forget to rode the court 30 day you. NES ACCOUNTING EQUANON SOURI BE MORTE AVITI DESTION DATE EQUITY US Installment Note The following journal entry was made by your predecessor to record the annual payment on a 10-year installment no Tic ACCOUNTINO EDUCTION The following journal entry was made by your predecessor to record the payment on 10-year instance NE JOURNAL ACCOUNTING EQUATION DATE DOCRITION DET CROT TY 1 HOST REX 710 . 95,663.00 606,899.00 1 Oct. 1 Interest Expense Notes Payable Cash 215 4 110 702.562.00 1 Using the formation provided, compute the following amount 1. What was the coming amount (book W40) of the instalirane note before the payment on October 1? $ 2. What portion of next year's payment will be interest? {Round the amount to the nearest dolar) S Warranty Copperfield and Companyat deded to provide a Warranty on its products. The prvous delen a note with the files on the new warranty one geodgaan entry few any 1. Wat we can court (hock value of the end of beton te payment on October 17 2. What portion of restyear's payment will be rest(ound the word to the new s Warranty Copperfield and Company has decided to provide a wwwny on its products. The previous de la note thes on this new way on glass trage deciding an entry for warranty pense was no Mery, with the lower reasoning Our product is the rest in the wont and thus the contrgery of way replacement for breakage arench Under country standards. The proper treatment for rent in of currences to the reaction Accordingly, in my profesionalment no journal entry should be made for any expense You should reas the price deka moes widevate the decision Atur treating your memory on the breatment of controles what to wif you take Jamale antingenting Poot Warranty pense and crediting Product warty Payable Assumerable estate of the way cost can be done by means of breakage and replacement data Since there are way to determine e most of treagerat must be no rey escolar Mano entry buacios e posible way by our interiore controles Macam entrythe prevederis correct at the remote chance of any breme El CEO Subs Test All worked

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