1. Roseland Design borrowed $700,000 on a 90-day note from CorpOne Funding Company. CorpOne discounts the note at 8%. (Assume a 360-day year is used for interest calculations.) (a) Journalize Roseland's entries to record: a. The issuance of the note. b. The payment of the note at maturity. e careful--files from the Internet viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing looks like your stored credentials are out of date. Please sign in as jcgomez@miners.utep.edu so we can verify your subscription Sign In (b) Joumalize CorpOne's entries to record: a. The receipt of the note. b. The receipt of the payment of the note at maturity. 2. An employee earns S40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $58,000. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and the federal income tax to be withheld was $614. (a) Determine the gross pay for the week. (b) Determine the net pay for the week