1. The register tape of Lucy Co. indicated sales of S5,500. Assuming a sales tax rate of 7.45%, journalize this economic event. 2 On January 1, Addidas Co. sold 10,500 yearly subscriptions of its monthly magazine to customers for S55 each. On Feb. 1, customers began receiving their monthly subscriptions of the magazine. Prepare the journal entries for January 1, March 1, and June I Lucy Co. paid the sales tax from #1 4 On June 1, Rouxdy Co. signed an 8 month, 8% note at First Bank, borrowing S35,000. Prepare the following journal entries for the following dates: June1, June 30, Sept. 30, Dec 31 retirement of the note on Jan. 31 of the following year s. Jason works for Lucy Co. For the month ended Jan. 31, he worked a tl of 90.5 hours (Assume that any number of hours over 80 is overtime). Jason earns $28.50 per hour and is paid time and a half for overtime hours worked. FICA taxes are 7.65%, state income taxes to be withheld totaled $185. Federal income taxes withheld totaled $345. His health insurance is $95. Jason also contributes 8% to his retirement account. Prepare the journal entry to record Jason's earnings. 6. Compute Jason's net pay and prepare the journal entry to record Lucy Co.'s payment to Jason. . Lucy Co. pays $400 per month for Jason's health insurance, $20 per month for disability insurance for Jason, and they match Jason's contribution to his retirement account. Assume Jason has not yet earned $7000 and thus Lucy Co. owes unemployment taxes on all of Jason's earnings. Prepare the ournal entry to record Lucy Co.'s employee benefits expense and payroll tax expense. Lucy Co. pays the payroll taxes from #8