ToshaCollins_Unit9 assignment_AC113-12

# ToshaCollins_Unit9 assignment_AC113-12 - b Warranty...

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Exercise 8-2 a. Issuance of the note: Accounts Payable = (\$15,000) Note Payable = \$15,000 b. Payment of the note, at maturity, including interest Cash = (\$15,990) Notes Payable = \$15,000 Retained Earnings = (\$990)

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Exercise 8-5 Show your work for part a. a. 1.5% X 975,000 = \$14,625
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Unformatted text preview: b. Warranty liability and cash are decreased by \$5,280 Exercise 8-11 Show your work. a. 380,000 x 7.5% = \$28,500 16,000 x 4.3% = \$688 16,000 x 0.8% = \$128 b. liabilities retained earnings 28,500 + 688 + 128-29,316 Income statement (29,316) payroll taxes...
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## This note was uploaded on 06/14/2010 for the course ACCT AC113 taught by Professor Cochran during the Spring '10 term at Kaplan University.

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ToshaCollins_Unit9 assignment_AC113-12 - b Warranty...

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