The selected T-accounts have been opened for you. Insert the unadjusted June 30 balances, using a "Beg. Bal." posting reference to show the unadjusted balance of each account. If an account has a zero unadjusted balance, enter a "0" on the normal balance side of the account. Post the adjusting entries to the T-accounts using the corresponding letters (a) through (d) as posting references. Use a "Bal." posting reference to show the ending balance of each account. Accounts Payable FICA-OASDI Taxes Payable 285 Beg. Bal. Interest Payable Choose from any list or enter any number in the input fields and then click Check Answer. FICA-Medicare Taxes Payable ad thi Interest Payable 29,700 Beg. Bal. 0 Bal. Salaries Payable 3,268 Beg. Bal. Bal. .. FICA-Medicare Taxes Payable Beg. Bal. Bal. 2,250 67 Beg. Bal. Unearned Rent Revenue 0 0 Bal. Choose from any list or enter any number in the input fields and then click Check Answer. Employee Income Taxes Payable 980 Beg. Bal. Bal. Long-Term Notes Payable Choose from any list or enter any number in the input fields and then click Check Answer. a. The long-term debt is payable in annual installments of $72,000, with the next installment due on July 31. On that date, Prompt Ship will also pay one year's interest at 9%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue interest expense at year-end. Accounts and Explanation Date Interest Expense Interest Payable Debit 29,700 Credit 29,700 To accrue interest expense at year-end. b. Gross unpaid salaries for the last payroll of the fiscal year were $4,600. Assume that employee income taxes withheld are $980 and that all earnings are subject to OASDI. (Round amounts to the nearest dollar.) Choose from any list or enter any number in the input fields and then click Check Answer. b. Gross unpaid salaries for the last payroll of the fiscal year were $4,600. Assume that employee income taxes withheld are $980 and that all earnings are subject to OASDI. (Round amounts to the nearest dollar.) Accounts and Explanation Date (b) Salaries Expense Employee Income Taxes Payable FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Salaries Payable To record salaries expense and payroll withholdings. Debit 4,600 I Credit 980 285 67 3,268 c. Record the associated employer taxes payable for the last payroll of the fiscal year, $4,600. Assume that the earnings are not subject to unemployment compensation taxes. (Round amounts to the nearest dollar.) c. Record the associated employer taxes payable for the last payroll of the fiscal year, $4,600. Assume that the earnings are not subject to unemployment compensation taxes. (Round amounts to the nearest dollar.) Accounts and Explanation Debit Credit Date (c) Payroll Tax Expense Date FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable To record employer's payroll tax expense. d. On February 1, the company collected one year's rent of $5,400 in advance. Accounts and Explanation Debit 352 Credit 285 67 d. On February 1, the company collected one year's rent of $5,400 in advance. Accounts and Explanation Date (d) Unearned Rent Revenue Rent Revenue To record rent revenue earned at year-end. Debit 2,250 Credit 2,250 0 co ed R at Re 200 i iord n mounts show Data Table Accounts Payable Interest Payable Salaries Payable Employee Income Taxes Payable FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Uneamed Rent Revenue Long-Term Notes Payable Print Done 116,000 0 0 0 0 0 0 X 0 5,400 360,000 Ja More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings. Print Done X