Problem 10-1A On January 1, 2017, the ledger of Cullumber Company contained these liability accounts

/in /by


Problem 10-1A On January 1, 2017, the ledger of Cullumber Company contained these liability accounts. Accounts Payable Sales
ment CALCULATOR SCHEMENTER VERSION BACK NEXT Journalize the adjusting entries at January 31 for the outstanding bote pale and
SCREEN PRINTER VERSION are the current liabilities section of the balance she CULLUMBER COMPANY Balance Sheet (Partial) Problem 10-1A On January 1, 2017, the ledger of Cullumber Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $45,000 7,850 21.500 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 9%, $18.000 note 5 Sold merchandise for cash totaling $5,936, which includes 5% sales taxes. 12 Performed services for customers who had made advance payments of $12.500. (Credit Servik 14 Paid state treasurer's department for sales taxes collected in December 2016, 67,850 20 Sold 750 units of a new product on credit at 35 per unit, plus o sales tax dal Security FICA $5,65 for federal income tax and Durino January, the company's employees eamed wages of $70,600. Withholdings related to these wages were $1,706 for state income tax The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expenses of January 31 not indent manually. Record journal entries in the Journalize the January transactions (Credit account titles are automatically indented when under presented in the problem. Round answers to nearest whole dollar amount. .0.5. Date Account Titles and Explanation ment CALCULATOR SCHEMENTER VERSION BACK NEXT Journalize the adjusting entries at January 31 for the outstanding bote pale and for automatically indented when amount is entered. Do not indent manually) a weexpense roll (Credit c a re Date Account Titles and Explanation Jan. 31 (0 record the interest on search A DENGAM 718/2019 SCREEN PRINTER VERSION are the current liabilities section of the balance she CULLUMBER COMPANY Balance Sheet (Partial)

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.