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Exercise $7-25($Algo$)$ Transaction analysis$-$various accounts LO $7-1,7-2,7-5,7-8,7-9$

$[$The following information applies to the questions displayed below.$]$

A company incurred the following transactions:

a$.$ Income tax expense of $\backslash (\backslash$$ $813\backslash )$ for the current period is accrued. Of the accrual, $\backslash (\backslash$$ $131\backslash )$ represents deferred tax liabilities.

b$.$ Bonds payable with a face amount of $\backslash (\backslash$$ $6,500\backslash )$ are issued at a price of $98.$

c$.$ Of the proceeds from the bonds in part b$,\backslash (\backslash$$ $3,700\backslash )$ is used to purchase land for future expansion.

d$.$ Because of warranty claims, finished goods inventory costing $\backslash (\backslash$$ $101\backslash )$ is sent to customers to replace defective products.

e$.$ A three$-$month, $\backslash (12\backslash \%\backslash )$ note payable with a face amount of $\backslash (\backslash$$ $27,500\backslash )$ was signed. The bank made the loan on a discount basis.

f$.$ The next installment of a long$-$term serial bond requiring an annual principal repayment of $\backslash (\backslash$$ $45,000\backslash )$ will become due within the current year.

a$-2.$ Record the journal entries to show each transaction$/$adjustment$.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Answer is not complete.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline No & Transaction & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$General Journal$\}$ & Debit & Credit $\backslash \backslash$

$\backslash$hline $1$ & a$.$ & Income tax expense & $($ & $813$ & $\backslash \backslash$

$\backslash$hline $2$ & b$.$ & & & $6,370$ & $\backslash \backslash$

$\backslash$hline $3$ & c$.$ & & & $3,700$ & $\backslash \backslash$

$\backslash$hline $4$ & d$.$ & Warranty expense & $*$ & $1010$ & $\backslash \backslash$

$\backslash$hline $5$ & e$.$ & Accounts receivable & $*$ & & $27,500*\backslash \backslash$

$\backslash$hline $6$ & f$.$ & Accounts payable & $*$ & $45,000$ & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$