Entries for Notes Payable A business issued a 90-day, 15% note for $97,000 to a creditor on account. Sourate the entries to record (a) the instance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. 1f an amount box does not require an entry, leave it blank. a 10 III Calculate Payrol An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked so hours during the week. Assume that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $29.00 a. Determine the grow pay for the week. It applicable, round your teal answer to two decimal places. D. Determine the net pay for the week