1. On November 15, Garrison Company signed a 120-day, 7% note payable, with a face value of $20,600. What is the adjusting entry for the accrued interest on December 31 on the note? a. First record signing of the note on 11/15/YR1 b. Make the adjusting entry on 12/31 to record interest accrued between 11/15/Yr1 and 12/31/YR1 C. Make the journal entry at maturity on 3/12/YR2 2. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that the employee earned a total of $10,500 in wages. What is the amount of total unemployment taxes the employer must pay on $10,500? a. What if the employee earned a total of $5,500 prior to earning $3,200 this pay period?