5. Journalize the company's payment of the note plus interest on December 31, 2018 $11-5 Determining current portion of long-term note payable On January 1, Irving Company purchased equipment of $280,000 with a long-term note payable. The debt is payable in annual installments of $56.000da on December 31 of cach year. At the date of purchase, how will Irving Company report the note payable? 911-6 Computing and journalizing an employee's total pay Lucy Rose works at College of Fort Worth and is paid $12 per hour for a 40-hour workweek and time-and-a-half for hours above 40. Learning Learning 0 Learning ob Requirements 1. Compute Rose's gross pay for working 60 hours during the first week of February 2. Rose is single, and her income tax withholding is 15% of total pay. Rose's only payroll deductions are payroll taxes. Compute Rose's net (take-home) pay for the week. Assume Rose's carnings to date are less than the OASDI limit. 3. Journalize the accrual of wages expense and the payment related to the employ ment of Lucy Rose 511-7 Computing payroll amounts considering FICA tax limits Lily Carter works for JDK all year and cams a monthly salary of $12,100. There is no overtime pay. Lily's income tax withholding rate is 10% of gross pay. In addition to payroll taxes, Lily eleets to contribute 5% monthly to United Way. JDK also deducts $250 monthly for co-payment of the health insurance premium. As of September 30, Lily had $108,900 of cumulative carnings. Requirements 1. Compute Lily's net pay for October 2. Journalize the accrual of salaries expense and the payment related to the employ ment of Lily Carter $11-8 Computing and journalizing the payroll expense and payments Macintosh Company has monthly salaries of $26,000. Assume Macintosh pas all the standard payroll taxes, no employees have reached the payroll tax limits, total income tax withheld is $2,000, and the only payroll deductions are payroll taxes Journalire the accrual of salaries expense, accrual of employer payroll taxes, and payment of employee and employer payroll taxes for Macintosh Company, S11-9 Computing bonus payable On December 31, Weston Company estimates that it will pay its employees a 5% bonus on net income after deducting the bones. The company reports net income of 564,000 before the calculation of the bonus The bonus will be paid on January 15 of the next year. Learning Obj Learning Obje