Question #1. complete the journal entries:

Use the information below to complete the Payroll, Sales Tax Liability, and General Journal tabs.

1. On September 1, Xavier purchased $10,000 worth of equipment on a bank line of credit. He paid down that line of credit by $6,800 on September 28.

2. On September 30, the business ran payroll for their employee, Eddie. Crankshaft customs matches the FICA contribution that is withdrawn from Eddies gross earnings.

3. On September 10, there was $1,900 in revenue from mobile detailing paid in cash.

4. On September 22, four customers paid cash for a total of $24,000 in custom work. The Cost of Sales for this revenue was $8,000. Note that the company does not hold inventory related to custom work.

5. On September 24, Maria withdrew $9,500 cash as an owners draw.

6. On September 9, Crankshaft Customs invoiced a car rental company $900 for work performed on their classic fleet.

7. On September 15, Crankshaft Customs remitted the balance of their Quarter 3 sales tax liability.

8. On September 18, Crankshaft Customs paid $1,085 for their vehicle loan; $1,000 toward principal and $85 in interest expense.

9. On September 25, they paid $1,000 toward the Note Payable account.

Crankshaft Customs General Journal Date Description Sept. 1 Purchase Equiptment Sept. 4 Inventory purchased on visa Inventory Visa Sept. 4 Paid monthly insurance premium Insurance expense cash Sept 6 Purchased fuel for vehicles Fuel expense Visa Sept. 7 Purchased supplies on vendor credit Supplies Vendor line of credit Sept. 9 Sept. 10. Mobile detailing revenue Cash Revenue Debit (Dr) 400.00 250.00 350.00 800.00 1,900.00 Credit (Cr) 400.00 250.00 350.00 800.00 1,900.00 Sept. 14 Sales of prepaid detailing subscriptions Cash prepaid subscriptions Sept. 14 Sept. 15 Sept. 18 Monthly payment to vehicle loan Vehicle loan payable Interest expense Cash Sept 22 Sept. 24 Maria withdraws funds from the business Owner's draw Cash Sept. 25 Subscription revenue realized (100 customers x $30) Prepaid subscriptions 9,000.00 1,000.00 85.00 9,500.00 3,000.00 9,000.00 1,085.00 9,500.00 Sept. 25 Subscription revenue realized (100 customers x $30) Prepaid subscriptions Revenue Sept. 25 Monthly payment made to Notes Payable Sept 28 Sept. 30 Payroll: Eddie's wages Payroll expense FICA Expense Cash FICA Payable 3,000.00 3,000.00