fill out general journal

The triel balance of Pacilio Security Services, Inc. as of January 1, Year 11, had the following normal balances. 125,ae 124,816 Cash Petty cash Accounts receivable Allowance for doubtful accounts Suppl ies merchandise inventory (48 @ $300) Equipment Building Accumulated depreciation Land Sales tax payable Employee incorre tax payable FICASociaI Security tax payable FICAMedicare tax payable Warranty payable Unemployment tax payable Notes payableBuilding Bonds payable Discount on bonds payable Cornon stock Retained earnings S 113,718 39, 39e 4,662 14, g,ae 27 , e 28,075 2s,e l,ae 92 , 762 se,e 50, e During Year 11, Pecilio Security Services experienced the following transactions: 1. Paid the sales tax payable from Year 10. 2. Paid the balance of the payroll liabilities due for Year 10 (federal income tax, FICA taxes, and unemployment texes)_ 3. Issued 5,000 edditionel shares of the SS per velue common stock for $8 per share. 4. Issued 1,000 shares of $50 stated value, S percent cumulative preferred stock for SS2 per share. S. Purchased $300 of supplies on account. 6. Purchased 190 alarm systems ate cost of S310_ Cosh was paid for the purchase. 7. After numerous attempts to collect from customers, V'.'Tte off $3,670 of uncollectible accounts receivable. 8. Sold 210 alarm systems for S600 each plus soles tax of S percent. All sales were on eccount_ Record the cost of goods sold related to the sale from Event 8 using the FIFO method. 10. Billed S12S,OOO of monitoring services for the year. Credit cero seles amounted to $58,000, and the credit card company charged e 4 percent fee. The remaining $67,000 were sales on account Soles tax is not charged on this service. 11. Replenished the petty cash fund on June 30. The fund had SIO cash and receipts of $75 for yard mowing and SIS for office supplies expense. 12. Collected the amount due from the credit card company. Paid the sales tax collected on $105,000 of the elerm sales. 13. 14. Collected S198,OOO of accounts receivable during the yeer_ Paid installers end other employees a total of $96,000 for seleries for the yeer_ Assume the Social Security tax rete is 6 percent and IS. the Medicere tax rete is I.S percent. Federal income taxes withheld amounted to $10,600. No employee exceeded $110,000 in total wages. The net salaries were paid in cash. 16. On October 1, declared a dividend on the preferred stock and e $1 per share dividend on the common stock to be paid to shareholders of record on October IS, payable on November 1, Year 11. Paid Sl,62S in warranty repairs during the year 17 18. On November 1, Year 11, paid the dividends that had been previously declared. Paid S18,SOO of advertising expense during the year. 19. Paid SS,IOO of utilities expense for the year. 20. 21. Paid the payroll liabilities, both the amounts withheld from the salaries plus the employer share of Social Security tax and Medicare o. elvuenu ur' anu per urvuenu un gou 'u shareholders Of record on October IS, payable on November 1, Year II. 17. Paid Sl.62S in warranty repeirs during the yeer_ 18. On November 1. Year 11, paid the dividends thet had been previously declared. 19, paid S18.SOO of advertising expense during the year. 20. Paid SS,IOO Of utilities expense for the year. 21. Peid the payroll liebilities, both the amounts withheld from the salaries plus the employer shore of Sociol Security tex ond Medicare tax. on $88,000 of the salaries plus 9.200 of the federal income tax that was withheld. 22, paid the accounts payable, 23. Paid bond interest end emortized the discount The bond wos issued in Year 10 end pays interest at 6 percent 24. Paid the annuol installment of S14,238 on the amortized note. The interest rete for the note is 7 percent Adjustment 25. There wes $190 of supplies on hend ot the end of the year. 26. Recognized the uncollectible accounts expense for the year using the allowance method Pecilio now estimates thet 1 percent of sales on account will not be collected, 27. Recognized depreciation expense on the equipment, Van, and building. The equipment, purchased in Year B, hes five-year life end e S2.OOO selvage velue. The von hos e four-year life and e S6,OOO solvege velue_ The building hes 40-yeer life end e SIO,OOO salvage value. The company uses straight-line for the equipment and the building. The ven is fully depreciated. 28. The alarm systems sold in transaction 8 were covered with e one-year warranty. Pecilio estimated thet the warranty cost would be 2 percent Of alarm seles_ 29. The unemployment tox on the three employees hes not been paid. Record the accrued unemployment tex on the salaries for the year. The unemployment tax rate is 4.S percent and gross wages for all three employees exceeded S7.OOO. 30. Recognized the employer Social Security end Medicare payroll tax that has not been paid on S8,OOO Of salaries expense. Requirement Trial Balance Balance Sheet Ana lysis Ledger Sot e ment Prepare the joumal entries to record transactions (1) through (24). Then prepare the necessary adjustinq entries (25) through (30) to correctly report net income for the period. Then record the closing entries (31) through (33) as of December 31, Year 11. (If no entry is required for a transaction, select -No journal entry required- in the first account field. Round final answers to the nearest whole dollars.) list Journal entry worksheet 2 s 6 33 Paid the sales tax payable from Year 10.