4 1- Aramco Company has salaries and wages expenses for the month of April $50,000. Ara Company deducted $3,200 income tax and $1,400 for health insurance and $2,500 for pen fund. Prepare the journal entry to record the salary and wages expenses assuming that company pay the salary in 5 of each month. 2- Roger company sold inventory for $23,000 cash All sales are subject to a 16% sales tax Record this transaction. 3- Michigan University sells 4,000 basketball tickets at $10 each, the game will be held nex On January 1, 2017 Mazen Company issued bond of $95,000 with 5% interest rate, for 10-year. Instructions Prepare the journal entries to record the following cases: 1- The issuance of the bonds at face value 2. The issuance of the bonds at 105% its face value 3. The issuance of the bonds at 90% of its face value 4. The accrual of interest on December 31 on any cases of the above, 7 i B]