Question: Jenkins Electronics completed these selected transactions during March 2021: (Click the icon to view the transactions.) Requirement 1. Report these iherrs on Jenkins Electronics' balance
Jenkins Electronics completed these selected transactions during March 2021: (Click the icon to view the transactions.) Requirement 1. Report these iherrs on Jenkins Electronics' balance sheet at March 31, 2021 Seloct the balance sheet accounts, then calculate each accounts' balance and the total current liabilfes amount at March 31, 2021. (Fot the FicA tax, be sure to include Doth the ecrployer and employee share of the tax. Round all amounts to the noarest whole dolar, If an input field is not used in the lable leave the feld emply, do not select a label or anter a zero) Transactions a. Sales of 52,300,000 are subject to an accrued warranty cost of 9%. The acched wavranty payabie at the beginning of the year was $33,000, and warranty peyments for the year totaled $56,000. b. On March 1, Jenkins Electronics signed a $65,000 note payabie thut fequiret annual payments of $13,000 plus 6% interest on the unpaid balance begining March 1, 2002 . c. Bonta, inc, a chain of discount stores, ondered $145,000 worth of wraiess speakers and related prodvets. With its order, Bonita, the, sent a check for $145,000 in advance, ind Jonkihs shipped $95,000 of the goods. Jenkint will ship the remander of the goods on April 32021. d. Jenkiris' March payroll of $270.000 is subject to employee wetheid income tax of $30.800 and FicA tax of 7.65% On March 31, Jeritins pays empleyees ther take-heme pay and acchies all tur anourta
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