B) Now record the appropriate Adjusting Entry for this Note Payable for interest owed December 31st, the end of the accounting period. Two manthe Problem 3 - Journal Entry for Note Receivable - you are on the other side of the transaction. A) On November 1, California Business Bank lends $3 million and accepts a 6 month, 5% Note Receivable. Interest is due at maturity. Record the accentance of the note. B) Now record the appropriate Adjusting Entry for this Note Receivable for interest owed December 31st, the end of the accounting period. Asain. 2 months. Problem 4 - On September 1,2023 Delta Airlines borrowed \$35 million, of which $12 million is due within the next 12 months. Show how Delta Airlines will show this $35 million debt on the partial balance sheet for December 31,2023 below: Problem 5 - Mountain High Ski Resort has 100 employees, each working a 40 hour week. They are each paid $20 per hour. The company does not provide any health or retirement benefits. Employees do, however, get to ski for free on their days off. Federal Income Tax (FIT) is withheld at 10% and State Income Tax (SIT) at 5\%. FICA taxes are 7\% of the first $140,400 earned per employee. Unemployment taxes are 6% of the first $7,000 per employee. Required: A) Compute the total salary expense, the total withholdings from employee salaries and the total net pay that will be paid via Direct Deposit for the first week in January. B) Compute the total payroll tax expense that Mountain High will pay for that same first week in January. This does not include what will be paid to the employees, just what is imposed on the employer, Mountain High. C) How should Mountain High account for the free skiing the employees get to enjoy on their days off? Listed below are terms and definitions associated with bonds. Match (by using the Letter) the bond terms with their definitions. Each letter is only used once. Terms 1. Sinking fund. 2. Secured bond. 3. Unsecured bond. 4. Term bond. 5. Serial bond. 6. Callable bond. 7. Convertible bond. 8. Bond issue costs. Definitions a. Allows the issuer to pay off the bonds early at a fixed price. b. Matures in installments. c. Secured only by the "full faith and credit" of the issuing corporation. d. Allows the investor to transfer each bond into shares of common stock. e. Money set aside to pay debts as they come due. f. Matures on a single date. g. Supported by specific assets pledged as collateral by the issuer. h. Includes underwriting, legal, accounting, registration, and printing fees. Problem 2 - Journal Entry for Note Payable A) On November 1, California Cruising borrows $3 million and issues a 6 month, 5% Note Payable. Interest is due at maturity. Record the acceptance of the