ACC 291 Wk 3 Individual Exercise E 10-6, E 10-8, E 10-18,Problem P10-3A, P10-6A

Apr 28th, 2015
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ACC 291 Wk 3 Individual Exercise E 10-6, E 10-8, E 10-18,Problem P10-3A, P10-6A

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Exercise E10-6Payroll Tax Expense352.16FICA Taxes Payable 198.40Federal Unemployment Taxes Payable 19.84State Unemployment Taxes Payable 133.92(To Record Payable Taxes for the week)Exercise E10-81. True2. True3. False4. True 5. FalseUnsecured Bonds are also known as debenture bonds6. FalseBonds that mature in installments are called spiral bonds 7. True8. True9. True10. TrueExercise E10-18A. Jan.1 Cash 562,613 Discount on Bonds Payable 37,387 Bonds Payable 600,000 (To record sale of bonds at discountB.Jul.1 Bond Interest Expense 28131 Discount on Bonds Payable 1131 Cash 27,000 (To record payment of bond interest and amortization of bond discount)C.Dec.31 Bond Interest Expense 28187 Discount on Bonds Payable 1,187 Bonds Interest Payable 27,000 (To record account bond interest and amortization on bond discount)(b), (c)

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