Question

I need help with an accounting study.

Select the balance sheet accounts, then calculate each accounts' balance ai select a label or enter a zero.) Amount Six Mile Electronics Balance Sheet (partial) June 30, 2018 Account Current liabilities: | Accrued warranty payable Current portion of long-term note payable Interest payable Unearned sales revenue Employee withheld income tax payable FICA tax payable Total current liabilities Long-term liabilities: Note payable

Answer 1

Six Mile Electronics Balance Sheet (partial) June 30, 2018 Account Amount Current liabilities: Accrued warranty payable (($2,200,000 X 9%) + ($31,000 - $59,000) Salaries and Wages payable ($260,000 + $30,400) - ($260,000 X 7.65%) Interest payable ($60,000 X 4% X 1/12) Unearned sales revenue ($145,000 - $45,000) Employee withheld income tax payable FICA tax payable ($260,000 X 7.65%) Total current liabilities Long-term liabilities: Note payable $ 1,70,000 2,70,510 200 1,00,000 30,400 19,656 $ 5,90,766 60,000