HW Chap 10 Make Journal Entries below for the following transactions WATCH THE DATES incl YEAR 1 On Nov 1, 2016 the company borrows $100,000 from the bank at 6% annual interest for 3 years. 2 Interest payments are due every 3 months but we need to record the interest at the end of the year. Make the entry needed for Dec 31, 2016 to record this interest. 3 On Feb 1, 2017 the 3 month payment is due. Make the Journal for this payment 4 March 1, Company sells products for a total of $100 and collects sales tax of 9%. Make Journal. 5 March 30, Company pays the sales tax collected in #4 to the state. 6 March 31, company pays payroll expense of $200,000. Deductions from the checks total the following: Fed tax $$40,000, State tax $5,000, FICA $14,800 and Kaiser health benefits $5000. Make the Journal 7 April 1 2016, Company sells 5,000 bonds, each at $1,000. Interest rate is 4% payable every April 1 Bonds are for 5 years. Make the Journal. 8 April 1 2017 pay the interest. Make the Journal. 9 april 1 2021 retire (pay off) the bonds.Assume all interest has been paid Date 1 2 3 4 5 6 7 8 9 Account Debit Credit