1)nov 1 company signed a 9000 4-month 10% notes payable, with the principle plus interest due on march 1 of the following year.Waht is the adjusting entry for the accured interest at dec. 31 on the note?

2) adavance ticket sales totaling 6,000,000 cash would be recongined as:
a.debit sales,credit unearned revenue (UR)
b.debit UR, credit sales
c.debit cash, credit UR
d.debit UR, credit cash
e.debit cash,credit UR

3)An employee earned 47,000 during the yr working for an employer. The FICA tax for S.S is 6.2% and the FICA tax for medicare is 4.5%. The employee’s share of FICA taxes is:

4)A company used straight-line depreciation for an item of equipmnent that cost 12,000 had a salvage value of 2,000 and had a 5yr useful life. After depricaiting the assest for 3 complete yrs, the salavage value was reduced to 1,200 and its total life was increased from 5yrs to 6yrs. Determine the amount of depreciation to be charged against the machine during each of the remaining yrs of its useful life:

5)Jim Jilly is paid monthly. For the month of Jan of the current year, he earned a total of ,288.FICA tax for social security is 6.2% and the FICA tax for medicare is 1.45%. The FUTA tax rate is 0.8% and the SUTA tax rate is 5.4%.Both unemployment taxes are applied to the first ,000 for an employee’s pay. The amount of federal income tax withheld from his earning was ,375.17. His net pay for the month is:

6)A company purchased a rope braiding machine for 0,000. The machine has a useful life of 8 yrs and a residual value of ,000. It is estimated that the machine could produce 750,000 units of rope over its useful life. In the 1st yr, 105,000 units were produced. In the 2nd yr, production increased to 109,000 units. Using the units of production method, what is the amount of depreication that should be recorded for the second year.

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