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Situations Long-term debt totals $6 million and is payable in annual instalments of $1.2 million each. The interest rate on the debt is 12%, and the interest is paid each December 31 a. b. Salary expense for the last payroll period of the year was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July. Since the last reporting period, GST of $360,000 had been collected, and ITCS of $88,000 had been earned C. d. On fiscal-year 2017 sales of $36 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, 2017. Done Print a. Long-term debt totals $6 million and is payable in annual instalments of $1.2 million each. The interest rate on the debt is 12%, and the interest is paid each December 31. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash Current portion of long-term debt Lo Interest expense Interest payable Long-term debt Long-term interest payable ear was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July b. b. Salary expense for the last payroll period of the year was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: c. Since the last reporting period, GST of $360,000 had been collected, and ITCS of $88,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: b. Salary expense for the last payroll period of the year was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash Employee withheld income tax payable Income taxes payable Lo Long-term salary payable Other employee withholdings and benefits payable Salary expense Salary payable . cted, and ITC8 of $88,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a c. Since the last reporting period, GST of $360,000 had been collected, and ITCS of $88,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash Lo GST payable Interest payable d.Salary payable 201 ement estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, x is not used in the table, leave the box empty; do not select a label or enter a zero.) Sales d. On fiscal-year 2017 sales of $36 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, 2017. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: d. On fiscal-year 2017 sales of $36 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, 2017. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Lo Cash Estimated warranty payable Estimated warranty payable, long-term Sales Chc Warranty expense input fields and then continue to the next question Situations Long-term debt totals $6 million and is payable in annual instalments of $1.2 million each. The interest rate on the debt is 12%, and the interest is paid each December 31 a. b. Salary expense for the last payroll period of the year was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July. Since the last reporting period, GST of $360,000 had been collected, and ITCS of $88,000 had been earned C. d. On fiscal-year 2017 sales of $36 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, 2017. Done Print a. Long-term debt totals $6 million and is payable in annual instalments of $1.2 million each. The interest rate on the debt is 12%, and the interest is paid each December 31. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash Current portion of long-term debt Lo Interest expense Interest payable Long-term debt Long-term interest payable ear was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July b. b. Salary expense for the last payroll period of the year was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: c. Since the last reporting period, GST of $360,000 had been collected, and ITCS of $88,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: b. Salary expense for the last payroll period of the year was $100,000. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,900. These payroll amounts will be paid in early July (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash Employee withheld income tax payable Income taxes payable Lo Long-term salary payable Other employee withholdings and benefits payable Salary expense Salary payable . cted, and ITC8 of $88,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a c. Since the last reporting period, GST of $360,000 had been collected, and ITCS of $88,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash Lo GST payable Interest payable d.Salary payable 201 ement estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, x is not used in the table, leave the box empty; do not select a label or enter a zero.) Sales d. On fiscal-year 2017 sales of $36 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, 2017. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: d. On fiscal-year 2017 sales of $36 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $120,000. Warranty payments were $325,000 during the year ended June 30, 2017. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Lo Cash Estimated warranty payable Estimated warranty payable, long-term Sales Chc Warranty expense input fields and then continue to the next

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