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You are the accountant for Security Software. The month just ended 1/31/2002. Create journal entries...

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Accounting

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You are the accountant for Security Software. The month just ended 1/31/2002. Create journal entries for the following: 11. During the month software sales were 50,000, all on account, and sales tax is 8.5% in addition to that amount Describe the above with a journal entry: Account Debit Credit 12. On Feb 15th you send this sales tax from number 11 to the state. Make the Journal Account Debit Credit 13. Customers also were invoiced $12,000 for 1 year maintenance contracts. Describe the transaction. (there is no sales tax on this) Account Debit Credit 14. The month's payroll, paid on 1/31 needs to be recorded. Total payroll is $20,000 4,000 is withheld for federal taxes, 1,000 for state taxes, and 7.65% is withheld for FICA tax. Account Debit Credit 15. On 10/31/2011 The company takes out a $120,000 bank loan and signs a 4 year note at 8% interest paid every 3 months. Make Journals for the following a. 10/31/2011 - record the loan b. 12/31/2011 - year end needs to have everything accurate including interest liabilities C 1/31/2012 - it has been 3 months Date Account Debit Credit la Vaar Ended 2019

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