newconnect. meducation.com Chapter 8 Homework Record the employee salary expense, withholdings and sales Chapter 8 Homework Submited 10.31/15 Total points Brief Exercise 8-8 Record sales tax (LO8-4) During December, Far West Services makes a $1,600 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5% (Note: the sales tax amount is in addition to the credit sale amount.) Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) 0.831 points awarded Scored No Transaction General Journal Credit Debit 1.736 Accounts Receivable Sales Revenue Sales Tax Payable 1500 Sales Tax Pevable expect a tomis bar napter Homework o Submited 10.31/15 Total Brief Exercise 8-9 Report current portion of long-term debt (LO8-4) On September 1, 2021, Southwest Airlines borrows $40.3 million, of which $8.6 million is due next year. Show how Southwest Airlines would record the $40.3 million debt on its December 31, 2021, balance sheet (Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) 0.51 points awarded scored SOUTHWEST AIRLINES Partial Balance Sheet December 31, 2021 Current liabides Current portion of long-term debt Long term bites Notes payable Total liabilities $ 40,300,000 $31.700.000 $72.000.000 Feferences