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Module 6 Homework - December(810 Estimated Warranty...

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Denysia Lewis Module 6 Problem 9-2A 2010 Nov 11 Cash 6,000 Sales 6000 11 th Cost of Goods Sold 1350 Merchandise Inventory 1350 30 th Warranty Expense 420 Estimated Warranty Liability 420 Dec 9 th Estimated Warranty Liability 270 Merchandise Inventory 270 Dec 16 th Cash 16,800 Sales 16,800 16 th Cost of Goods Sold 3780 Merchandise Inventory 3780 29 th Estimated Warranty 540 Merchandise Inventory 540 31 st Warranty Expense 1176 Estimated Warranty Liability 1176 2012 Jan 5 th Cash 10,400 Sales 10,400 5 th Cost of Goods Sold 2340 Merchandise Inventory 2340 17 th Estimated Warranty Liability 900 Merchandise Inventory 900 31 st Warranty Expense 728 Estimated Warranty Liability 728
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2. Sales Percent Warranty Expense November 6000 7% 420 December 16800 7% 1176 Total 22800 1596 3. Sales in January 10400 Warranty Percent 7% Warranty expense 728 4. Warranty expense for November 420 Warranty expense for December 1176 Cost of replacing items in
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Unformatted text preview: December (810) Estimated Warranty Liability balance 786 5. Beginning balance 786 Warranty expense for January 728 Cost of replacing items in January (900) Estimated Warranty Liability balance 614 Problem 9-5A 1. Jan. 8th Sales Salaries Expense 32,920 Office Salaries Expense 11,380 FICA-Social Sec. Taxes Payable 2746.60 FICA-Medicare Taxes Payable 642.35 Employee Federal Income Taxes Payable 6,340 Employee Medical Insurance Payable 670 Employee Union Dues Payable 420 Salaries Payable 33,481.05 2. Payroll Taxes Expense 5515.35 FICA –Social Security Taxes Payable 2746.60 FICA-Medicare Taxes Payable 642.35 State Unemployment Taxes Payable 1772 Federal Unemployment Taxes Payable 354.40...
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