CP11-36 (book/static) Question Help Canyon Canoe Company's Amber and Zack Wilson are continuing their analysis of the company's position and believe the company will need to borrow $15,000 in order to expand operations. They consult Rivers Nation Bank and secure a 6%, one-year note on September 1, 2019, with interest due at maturity. Additionally, the company hires an employee, John Vance, on September 1. John will receive a salary of $3,000 per month. Payroll deductions 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 taxes, FUTA tax at 0.6%, and SUTA tax at 5.4%. Round calculations to two decimals. Omit explanations on journal entries. Read the requirements. Requirement 1. Record the issuance of the $15,000 note payable on September 1, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Accounts Debit Credit Date 2019 Sep. 1 Requirement 1. Record the issuance of the S15,000 note payable on September 1, 2019. (Record debits first, then credits. Exclude explanations from any joumal entries.) Accounts Debit Credit Date 2019 Sep, 1 Accounts Payable Cash Employee Health Insurance Payable Employee Income Taxes Payable Federal Unemployment Taxes Payable FICA-Medicare Taxes Payable EICA-OASDI Taxes Payable Interest Expense Intorart Buble .. e nterest Recevable hterest Revenue Notes Payable Nictes Recelvable Payroll Tax Expenso Choose fram E Salaries Expense Check Answer Salaries Payable 6 parts remaining Clear All Check Answer State Unemployment Texes Payable X i Requirements 1. Record the issuance of the $15,000 note payable on September 1, 2019. 2. Record the employee payroll and employer payroll tax entries on September 30, 2019 3. Record all payments related to September's payroll. Payments are made on October 15, 2019 4. Record the entry to accrue interest due on the note at December 31, 2019. 5. Record the entry Canyon Canoe Company would make to record the payment to the bank on September 1, 2020. Print Done