6) On October 1, 2021, a company signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on April 1, 2022. The company should report interest payable at December 31, 2021, in the amount of:

A) $500.

B) $1,000.

C) $1,500.

D) $2,000.

7) Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 4%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the actual payroll payment (Salaries Payable) for the first week of January?

A) $5,404.

B) $5,708.

C) $5,868.

D) None of the above.