The following payroll liability accounts are included in the ledger of Ayayai Company on January 1, 2020: FICA Taxes Payable   $1,575 Federal Income Taxes Payable   3,600 State Income Taxes Payable   599 Federal Unemployment Taxes Payable   158 State Unemployment Taxes Payable   1,071 Union Dues Payable   360 Health Insurance Payable   4,500 U.S. Savings Bonds Payable   1,350 In January, the following transactions occurred: Jan. 9   Sent a check for $4,500 to Blue Cross and Blue Shield. 11   Deposited a check for $5,175 in Federal Reserve Bank for FICA taxes and federal income taxes withheld. 14   Sent a check for $360 to the union treasurer for union dues. 18   Paid state income taxes withheld from employees. 21   Paid state and federal unemployment taxes. 22   Purchased U.S. Savings Bonds for employees by writing a check for $1,350. 1 . Journalize the January transactions.

The Company issued a short-term debt of $65,000 on July 1, 2021 for a period of 5 months with a note payable of 14% interest. The company uses the accounting period on a quarterly basis. Required: Prepare the journal entries needed to record the issuance of the debt, recognize interest expense, and pay off the debt as it matures. Note: Include the current method of processing and the excel formula

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Mackenzie Corp. is preparing the December 31, 2023, year-end financial statements. Following are selected unadjusted account balances: Estimated warranty liability Income tax expense Mortgage payable, 5% View transaction list Additional information: a. $11,800 of income tax was accrued monthly from January through to November inclusive and paid on the 15th day of the following month. The actual amount of tax expense for the year is determined to be $136,040. b. A customer is suing the company. Legal advisers believe it is probable that the company will have to pay damages, the amount of which will approximate $150,000 given similar cases in the industry. c. During December, Mackenzie had sales of $720,000. 5% of sales typically require warranty work equal to 25% of the sales amount. d. Mortgage payments are made on the first day of each month. e. $112,500 of the Unearned Revenues remain unearned at December 31, 2023. f. The 120-day note payable was dated November 15, 2023. No 1 $ 6,560…