LP3 Chap 10 Solutions

LP3 Chap 10 Solutions - P10-34A(30-40min General Journal...

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Unformatted text preview: P10-34A (30-40min) General Journal DATE ACCOUNTS DEBIT CREDIT 2010 Jan. 9Computer equipment 10,000 Notes payable, short- term 10,000 Jan. 29Cash 17,755 Accounts receivable 53,265 Sales revenue 67,000 Sales tax payable 4,020 Feb. 5Sales tax payable 4,020 Cash 4,020 Feb. 28Cash 210,000 Notes Payable, long- term 157,500 Notes Payable, short- term 52,500 Jul. 9Notes Payable, short- term 10,000 Interest expense 400 Cash 10,400 Aug. 31Inventory 6,000 Notes Payable, short- term 6,000 Dec. 31Warranty expense 18,030 Estimated warranty payable 18,030 Dec. 31Interest expense 15,750 Interest payable 15,750 Dec. 31Interest expense 200 Interest payable 200 2011 Feb. 28Interest payable 15,750 Interest expense 3,150 Notes Payable, short- term 52,500 Cash 71,400 2011 Feb. 28Interest payable 200 Interest expense 100 Notes Payable, short- term 6,000 Cash 6,300 P10-36 A (25-35min) Req 1. Salary earnings $73,200 Bonus 3,660 Total gross pay $76,860 Gross pay 10,652 $76,860 Less: Federal income tax 6,149 FICA tax...
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LP3 Chap 10 Solutions - P10-34A(30-40min General Journal...

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