(1) Assume that Robson Electronics completed these selected transactions during June 2014:

a. Sales of $3,250,000 are subject to estimated warranty cost of 2%. The estimated warranty payable at the beginning of the year was $36,000, and warranty payments for the year totaled $57,000.

b. On June 1, Robson Electronics signed a $40,000 note payable that requires annual payments of $8,000 plus 4% interest on the unpaid balance each June 2.

c. Music For You, Inc., a chain of music stores, ordered $135,000 worth of CD players. With its order, Music For You, Inc., sent a check for $135,000 in advance, and Robson shipped $95,000 of the goods. Robson will ship the remainder of the goods on July 3, 2014.

d. The June payroll of $280,000 is subject to employee withheld income tax of $30,400 and FICA tax of 7.65%. On June 30, Robson pays employees their take-home pay and accrues all tax amounts. Requirement 1. Report these items on Robson Electronics' balance sheet at June 30, 2014. Select the statement account and label. Calculate each accounts balance and the total current liability amount at June 30, 2014.

(Round all amounts to the nearest whole dollar. Leave any unused cells blank.)

Robson Electronics Balance Sheet (partial) June 30, 2014 Current liabilities:

Employee withheld income tax payable:

Current portion of long-term note payable:

Interest payable:

Unearned sales revenue:

Estimated warranty payable:

FICA tax payable:

Total current liabilities:

Long-term liabilities:

Note payable