Here is selected financial statement data regarding a company's balance sheet. assets: dec. 31, 2018 dec. 31, 2017 cash $ 39,000 $ 36,000 accounts receivable 87,000 73,000 inventory 319,000 252,000 prepaid insurance 23,000 24,000 supplies 93,000 97,000 in the statement of cash flows, the operating activities section should show an adjustment to net income to cash flows from operating activities as follows: in supplies $

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.