Acc291 Individual Assignment Week 3

Wk 3 single Assignment Ch. 10
Jimmie-Jo Mckey
ACC291
February 13, 2012
Daniela Trudel

Wk 3 Individual Assignment Ch. 10
E10-6
Payroll Tax Expense 352.16
FICA Taxes collectable 198.40
Federal Unemployment Taxes payable 19.84
State Unemployment Taxes Payable 133.92
(To record employers payroll taxes on payroll)

E10-8
1.) T
2.) T
3.) F- trammel net interest is tax deductible, stock dividends ar not.
4.) T
5.) F-Unsecured weds are known as debenture bonds.
6.) F-Bonds that mature in installments are serial bonds.
7.) T
8.) F-The rate used to determine the meat of cash interest the borrower pays is called the contractual interest rate, or the declared rate.
9.) T
10.) T

E10-18

Jan.



1 bullion 562,613
Discount on Bonds Payable 37,387
Bonds Payable 600,000
(To record sale of bonds at a discount)

July 1 Bond bet Expense 28,131
Cash 28,131
(To record payment of bond interest)

Dec. 31 Bond Interest Expense 28,131
Bond Interest Payable 28,131
(To accrue bond interest)

P10-3A

May 1 Cash 600,000
Bonds Payable 600,000
(To record sales of bonds at face value)

Dec. 31 Bond Interest Expense 27,000...If you want to get a full essay, order it on our website: Ordercustompaper.com



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