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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. Date Accounts and Explanation Debit Credit {a) Choose from any list or enter any number in the input fields and then click Check Answer 5 parts remaining Clear All Final Check AM 29 ork: HW CH11 Save pts 3 of 3 (2 complete) HW Score: 66%, 66 of 100 Similar to) Question Help ger of Prompt Ship at June 30, 2018, the end of the company's fiscal year, includes the following es before payroll and adjusting entries. son to vie Data Table ayroll tax rate data need WS: con to vie $ 116,000 irements. 30 adjustin 0 Id to the nearest dollar. 0 with Require en credits -accounts. (Record 0 0 erm debt is Ship will als try to accrue 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 Unearned Rent Revenue Long-Term Notes Payable Je on July 31. On that feceding year. Make the 0 0 Credit 0 5,400 360,000 Print Done 2 om any list or enter any number in the input fields and then click Check Answer. Clear All Final Check ing AD A sty MacBook work: HW CH11 4 pts 3 of 3 (2 complete) HW Score: 66%, 66 o (similar to) Question He dger of Prompt Ship at June 30, 2018, the end of the company's fiscal year, includes the followin ces before payroll and adjusting entries. icon dat i More Info X icon Iax rate uirem 30 & nearest d with hence Ints. (Record cermd 1 Ship try to 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. 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. 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. d. On February 1, the company collected one year's rent of $5,400 in advance. uly 31. On the 9 year. Make lit Print Done om any list or enter any number in the input fields and then click Check Answer. ing Clear All Final Check A et 29 NAS work: HW CH11 f 34 pts 3 of 3 (2 complete) > HW Score: 66%, 66 of 10 A (similar to) Question Help al ledger of Prompt Ship at June 30, 2018, the end of the company's fiscal year, includes the following alances before payroll and adjusting entries. the icon to view the account balances.) onal data needed to develop the payroll and adjusting entries at June 30 are as follows: the icon to view the additional information.) (Click the icon to view payroll tax rate * More Info Fest dollar. June tart SL Record Ong- ompt For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% on all earnings On that r. Make the gent e Print Done se from any list or enter any number in the input fields and then click Check Answer. Arts maining Clear All Final Check TV 29 AB MacBoc