4. Santa Barbara Express has four sales employees, each of whom earns $3,000 per month and is paid on the last working day of the month. Each employee's wages are subject to FICA social security taxes of 6.2% and Medicare taxes of 1.45% of earnings. Withholding for each employee also includes federal income tax of 15% and monthly medical insurance premiums of $200 each. a. Prepare the entry to accrue the monthly sales salaries expense at January 31. Debit Credit Account b. The employer payroll taxes for Santa Barbara Express include FICA taxes, federal unemployment taxes of 0.6% of the first $7,000 paid each employee, and state unemployment taxes of 4.0% of the first $7,000 paid to each employee. Prepare the journal entry to record the employer's payroll taxes at January 31 for Santa Barbara Express. (Assume that none of the employees has reached the limit of $7,000.) Account Debit Credit 5. On December 1, Williams Company borrowed $45,000 cash from Second National Bank by signing a 90-day, 9% note payable. a. Prepare Williams' journal entry to record the issuance of the note payable. Account Debit Credit b. Prepare Williams' journal entry to record the accrued interest due at December 31. Account Debit Credit c. Prepare Williams' journal entry to record the payment of the note on March 1 of the next year. Account Debit Credit 6. Prepare journal entries to record the following transactions for CAM Company. a. 4/1/20: Accepted a $5,000, 60-day, 3% note from a customer granting a time extension on his past-due accounts receivable balance. Account Debit Credit b. 5/31/20: The customer honored the note. Debit Credit Account