Consider the following note payable transactions of Concert Video Productions. The following financial information was obtained from the year ended 2016 income statements for Jameson Automotive and Bauer Automotive: Compute the times-interest-earned ratio for each company. Which company was better able to cover its interest expense? John Wade works for Campus Company. His straight-time pay is $10 per hour, with time-and-a-half for hours in excess of 40 per week. Wade's payroll deductions include withheld income tax of 20%. FICA tax. and a weekly deduction of $8 for life insurance. Wade worked 56 hours during the week. In addition to wages the company provides the following benefits for Wade: health insurance. $20 weekly and retirement benefits. 6% of wages. Compute Wade's gross pay and net pay for the week. Assume earnings to date are $6, 500. Journalize Campus Company's wages expense accrual for Wade's work. An explanation is not required. Journalize the Campus Company employer's payroll tax expense and benefits. Journalize the subsequent payment of wages to Wade