Physics homework help

Liabilities ExercisesIn a Word document, complete the following assignments:1. For the following problem, assume the company pays its managers a bonus according to the following terms:Employer’s Reported Net Income Bonus AmountLess than $1,000,000 $0More than $1,000,000 but less than $2,000,000 10% of excess of net income > $1,000,000More than $2,000,000 $100,000Assume that managers expect earnings in the current year to be $1,990,000 and earnings next year to be $1,500,000. Explain what incentives there are, if any, for managers to:Increase reported earnings in the current year and decrease reported earnings next yearDecrease reported earnings in the current year and increase reported earnings next year2. Journalize the following entries on the books of Winston Co. for November 1, December 1, December 31, and March 1. (Assume a 360-day year is used for interest calculations.)Nov. 1 Winston Co. purchased merchandise for $60,000 on account from Bagley Co., terms n/30Dec. 1 Winston Co. issued a 90-day, 5% note for $60,000 on accountDec. 31 Accrued interest on the noteMar. 1 Winston Co. paid the amount dueLiabilities ExercisesIn a Word document, complete the following assignments:1. For the following problem, assume the company pays its managers abonus according to the following terms:Employer’s…

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