Acc291 Individual Assignment Week 3

Wk 3 single Assignment Ch. 10 Jimmie-Jo Mckey ACC291 February 13, 2012 Daniela Trudel Wk 3 respective(prenominal) Assignment Ch. 10 E10-6 Payroll Tax disbursement 352.16 FICA Taxes collectable 198.40 Federal Unemployment Taxes payable 19.84 State Unemployment Taxes Payable 133.92 (To prove employers payroll taxes on payroll) E10-8 1.) T 2.) T 3.) F- trammel lowest interest is tax deductible, stock dividends ar not. 4.) T 5.) F-Unsecured weds atomic number 18 known as debenture bonds. 6.) F-Bonds that mature in installments argon serial bonds. 7.) T 8.) F-The rate used to determine the totality of cash interest the borrower pays is called the contractual interest rate, or the state 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 28,13 1 (To accrue bo! nd interest) P10-3A whitethorn 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 compliments to get a full essay, order it on our website: OrderCustomPaper.com

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