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On January 1, Year 1, Stratton Company borrowed $250,000 on a 10-year, 9% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $38,955 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31 , Year 2 is (round to the nearest doltork. Musiple Cribice Debit Interest Expense $22,500; debit Notes Payable \$16,455; credt Cash $38,955 Debit interest Expense \$21,019; debit Notes Payoble \$17,936, credit Cash $38,955. Debit Notes Payable \$250,000; debit interest Expense \$13,955; credit Cosh $38,955 Debit Notes Pityable \$38,955, credt Cash 538,955 Debit Notes Pdyable 522,500; debit interest Exoense \$16.45.5; credit Cash $38.955 At the end of the first pay period of the year, Dan earned $6,700 of salary. Withholdings from Dan's salary include Federal Insurance Contributions Act (FICA) Social Security taxes at the rate of 6.2%, Federal Insurance Contributions Act (FICA) Medicare taxes at the rate of 1.45%, $804 of federal income taxes, $260 of medical insurance deductions, and $20 of life insurance deductions, Compute Dan's net pay for this first pay period. Multiple Choice 55,38345 $6,700,00 $5,896.00 $5,103.45 96.187.45 A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $5,200. The company calls these bonds at a price of $90,000 the gain or loss on retirement is: Multiple Choice $0 gain or loss. $10.000 loss. $4.800 gain. $4.8001055 $10,000 gain