Question: Robarge Electronics completed these selected transactions during June 2018: (Click the icon to view the transactions.) Requirement 1. Report these items on Robarge Electronics' balance

Robarge Electronics completed these selected transactions during June 2018: (Click the icon to view the transactions.) Requirement 1. Report these items on Robarge Electronics' balance sheet at June 30, 2018 dollar. If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Robarge Electronics Balance Sheet (partial) June 30, 2018 Account Amount Current liabilities: Long-term liabilities: Total current liabilities Transactions - X a. Sales of $2,300,000 are subject to an accrued warranty cost of 7%. The accrued warranty payable at the beginning of the year was $33,000, and warranty payments for the year totaled $60,000 b. On June 1, Robarge Electronics signed a $20,000 note payable that requires annual payments of $4,000 plus 5% interest on the unpaid balance beginning June 1, 2019 c. Jacob, Inc., a chain of discount stores, ordered $130 000 worth of wireless speakers and related products. With its order, Jacob, Inc, sent a check for $130,000 in advance, and Robarge shipped $85,000 of the goods. Robarge will ship the remainder of the goods on July 3, 2018 d. Robarge's June payroll of $260,000 is subject to employee withheld income tax of $30,000 and FICA tax of 7.65% On June 30, Robarge pays employees their take home pay and accrues all tax amounts Print Done
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