On August 1st the Jackson Company borrowed $10,000 from First Southern Bank and signed a one-year note with an interest rate of 12%. All payments for principal and interest will be paid at the end of 1 year on July 31st. The journal entry on December 31st would include a: Question 29 options: Debit to Interest Expense and a credit to Interest Payable. A debit to Note Payable and a credit to Interest Payable. Debit to Interest Payable and a credit to Interest Expense. Debit to Interest Receivable and a credit to Cash. Question 30 (2 points) Listen FICA includes: Question 30 options: Social Security, Medicare and Federal Income Tax. Social Security and Medicare. Social Security. Social Security, Medicare, Federal Income Tax and State Income Tax. Question 31 (2 points) Listen On August 1st, the Southern Illinois University ticket office sold $3,000,000 worth of season basketball tickets. Ten home games will be played: 4 games will occur in the current year during the month of December and 6 games will occur next year in the months of January and February. At year-end of the first year, what is the balance in Unearned Ticket Revenue (Deferred Ticket Revenue) after 4 games