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The following information applles to the questions displayed below A company incurred the following transactions: a. Wages of $1,400 accrued at the end of the prior fiscal period were paid this fiscal period. b. Real estate taxes of $3,800 applicable to the current period have not been accrued C Interest on bonds payable has not been accrued for the current month. The company has outstanding $450,000 of 7.5% bonds. d. The premium related to the bonds in part c has not been amortized for the current month. The current-month amortization is $75 e. Based on past experience with its warranty program, the estimated warranty expense for the current period should be 0.2% of sales of $652,500. f Analysis of the company's income taxes indicates that taxes currently payable are $99,000 and that the deferred tax liability should be increased by $36,450. Required: a-1. Show the effect, if any, of each of the transactions/adjustments on the appropriate balance sheet category or on the income statement by selecting the amount and indicating whether it is an addition (+)or a subtraction () ansaction/ Current Assets CurrentLong- Liabilities Term Net Income Debt 1,400 b. 3,800 2,813 +75 1,305 135,450 . a-2. Record the journal entries to show each transaction/adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Wages of $1,400 accrued at the end of the prior fiscal period were paid this fiscal period. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal

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