On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $23,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $13,560 of federal income taxes, $1,350 of medical insurance deductions, and $820 of union dues. No employee earned more than $7,000 in this first period. Required 11 Calculate below the amounts for each of these four taxes of Regis Company. Regis's merit rating reduces its state unemployment tax rate to 5% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.60%. (Round your answers to 2 decimal places.) Answer is not complete. Regis Company's Tax FICA-Social Security FICA-Medicare FUTA SUTA January 8 earnings subject to tax Tax Rate Tax Amount 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Date General Journal Debit Credit 23.760.000 60,840.00 Jan 08 Office salaries expense Sales salaries expense Employee fed. inc. taxes payable FICA- Social sec. taxes payable FICA-Medicare taxes payable Employee medical insurance payable Employee union dues payable Salaries payable 13,260.00 5,245.20 1,226.70 1,410.00 900.00 62,558.10 2. Prepare the journal entry to record Regis's (employer) payroll taxes resulting from the January 8 payroll. Regis's merit rating reduces its state unemployment tax rate to 5% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.60%. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. No Date General Journal Debit Credit Jan 08 Payroll taxes expense 10.532.700 5,24520 FICA Social sec. taxes payable FICA-Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable 1226.70 3,384.00 676.80 Required information The following information applies to the questions displayed below Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31, They are issued at $508,050 and their market rate is 12% at the issue date. 4. Prepare the journal entries to record the first two interest payments Answer is not complete. No Date General Journal Debit Credit 1Jun 30, 2017 Bond interest expense Discount on bonds payable Cash 24,225 2 Dec 31, 2017 Bond interest expense Discount on bonds payable Cash 24,225 Prepare journal entries to record the following four separate issuances of stock. . A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has a $1 per share stated value . A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has no stated value 4. A corporation issued 750 shares of $50 par value preferred stock for $59,000 cash