Entries for Notes Payable A business issued a 90-day, 15% note for $89,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry, leave it blank. Accounts Payable a. 89,000 Notes Payable 89,000 b. Notes Payable 89,000 Interest Expense 3,337.50 X Cash 92,337.50 x The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $560,000 Federal income tax withheld 112,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $10,640 of salaries. Required: a. Journalize the entry to record the payroll for the week of May 18.* b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.* *Refer to the Chart of Accounts for exact wording of account titles. Round your answers to the nearest whole dollar. Journal a. Journalize the entry to record the payroll for the week of May 18.* b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.* *Refer to the Chart of Accounts for exact wording of account titles. Round your answers to the nearest whole dollar. JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 May 18 Salaries Expense 560,000.00 2 33,600.00 Social Security Tax Payable Medicare Tax Payable 3 8,400.00 4 Employees Federal Income Tax Payable 112,000.00 5 Salaries Payable 406,000.00 6 May 18 Payroll Tax Expense 7 Social Security Tax Payable 8 Medicare Tax Payable 9 State Unemployment Tax Payable Federal Unemployment Tax Payable 10