acc chapt8 - Chapter8 Problem1 1/ 1 2 3 4 5 6 7 L M O K G F...

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Chapter 8 Problem 1 1/ 1 L 8 A 2 M 9 H 3 O 10 B 4 K 11 C 5 G 12 E 6 F 13 I 7 D 14 J 2/ I would not expect to see listed on the balnce sheet with a dollar sign the number 3,  7 and K. The most discretion from the part management will be the warranty items. Problem 2 Part A 1/  March 21 A/P $36,000 Notes Payable $36,000 June 20 Notes payable $36,000 Interest expenses $828.49 Cash $36,828.49 2/ When notes payable appear on the balance sheet, you should look at the associated  interest payables. If it does not appear, it will mean that either the accountant forgot to write it, either the company got an agreement with the bank to do not pay interest on the note.   Part B 1. Wage expenses $278,250 Federal income tax $71,163 State income tax $11,727 Social security tax $17,253 Medicare tax $4,035 Medical insurance tax $9,600 Wages payable $164,472 2.
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Payroll tax and benefits expenses
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acc chapt8 - Chapter8 Problem1 1/ 1 2 3 4 5 6 7 L M O K G F...

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