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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ToshaCollins_Unit9 assignment_AC113-12 - b. Warranty...

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