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On May 22, Jarrett Company borrows $8,400, signing a 90-day, 6%, $8,400 note. What is the journal entry made by Jarrett Company to record the transaction? Multiple Choice Debit Cash $8,400; credit Accounts Payable $8,400. Debit Accounts Payable $8,400; credit Notes Payable $8,400. Debit Cash $8,526; credit Notes Payable $8,526. Debit Cash $8,400; credit Notes Payable $8,400. Debit Notes Receivable $8,400; credit Cash $8,400. TB MC Qu. 09-131 (Algo) During the first week of January, an... During the first week of January, an employee works 48 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $30 per hour, and her wages are subject to no deductions other than Federal Insurance Contributions Act (FICA) Social Security, Federal Insurance Contributions Act (FICA) Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $137,700 earned each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $94 in federal income taxes withheld. What is the amount of this employee's net pay for the first week of January? (Round your intermediate calculations to two decimal places.) 4 Multiple Choice $1,560.00 (Round your intermediate calculations to two decimal places.) Multiple Choice $1,560.00 $213.34 $1,440.66 $1,346.66 $1,773.34