Jedimiah Electronics completed these selected transactions during Jun.docx

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Jedimiah Electronics completed these selected transactions during June 2018 iClick the icon to view the transactions.) Requirement 1. Report these items on Jerimiah Electronics' balance sheet at June 30, 2018. Select the balance sheet accounts, then calculate each accounts balance and the total current liabilities amount at June 30, 2018. (For the FICA tax, be sure to include both the employer and employee share of the tax. Round all amounts to the nearest whole dollar. If a box is not used in the table leave the box empty; do not solect a label or enter a zero.) Jerimiah Electronics Balance Sheet (partial) June 30, 2018 Account Amount Current liabilites Choose from any list or enter any number in the input fields and then continue to the next question, onics completed these selected transactions during June 2018 con to vjetbe tranactions) Transactions se items d alance she ployer and er a zero.) tax, be su mpty; do m a. Sales of $2,150,000 are subject to an accrued warranty cost of 2%.
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Unformatted text preview: The accrued warranty payable at the beginning of the year was $34,000, and warranty payments for the year totaled $57,000 b. On June 1, Jerimiah Electronics signed a $70,000 note payable that requires annual payments of $14,000 plus 6% interest on the unpaid balance beginning June 1, 2019. c. Harrison, Inc., a chain of discount stores, ordered $130,000 worth of wireless speakers and related products. With its order, Harrison, Inc., sent a check for $130,000 in advance, and Jerimiah shipped $85,000 of the goods. Jerimiah will ship the remainder of the goods on July 3, 2018 d. Jerimiah's June payroll of $270,000 is subject to employee withheld income tax of $30,900 and FICA tax of 7.65%. On June 30, Jerimiah pays employees their take-home pay and accrues all tax amounts. iabilities: Print Done e from any list or enter any number in the input fields and then continue to the next question. 17/11/19 thanter P Pearson...
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