Canyon Canoe Company's Amber and Zack Whon we continuing their analysis of the company's position and beferve the company will need to borrow $15,000 in order to expand operations they consult Rovers Nation Bank and secure a 6%, one-year note on September 1, 2025, with interest due at maturity Additionally, the company hires an employee, John Vance, on September 1 John will receive a salary $3.000 per month Payrol doductions include federal income tax at 25%, OASDI at 6.2% Medicare at 1 45%, and monthly health insurance premium of $250. The company will incur matching FICA as FUTA tax at 0.6%, and SUTA tax at 5.4% Round calculations to two decimals Omit explanations on journal entries Read the requrements Requirement 1. Record the issuance of the $15,000 note payable on September 1, 2025 (Recond debts first, then credits Exclude explanations hom any journal entries) Date 2025 Sep 1 Accounts Debit Credit Requirements - X the is 1. Record the issuance of the $15,000 note payable on September 1, 2025. 2. Record the employee payroll and employer payroll tax entries on September 30, 2025. 3. Record all payments related to September's payroll. Payments are made on October 15, 2025. 4. Record the entry to accrue interest due on the note at December 31, 2025. 5. Record the entry Canyon Canoe Company would make to record the payment to the bank on September 1, 2026. kplanat Print Done