On the first day of the fiscal year, a company issues an $614,000, 6%, 5-year bond that pays semiannual interest of $18,420 ($614,000 x 6% x 1/2), receiving cash of $577,200. Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank. Martin Jackson receives an hourly wage rate of $18, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 47; federal income tax withheld, $302; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson? Oa. $1,200.83 Ob. $909.00 Oc. $1,321.83 Od. $538.83 A building with an appraisal value of $137,158 is made available at an offer price of $151,976. The purchaser acquires the property for $36,668 in cash, a 90-day note payable for $27,556, and a mortgage amounting to $59,857. The cost basis recorded in the buyer's accounting records to recognize this purchase is Oa. $137,158 Ob. $124,081 Oc. $115,308 Od. $151,976