Pharoah Company received proceeds of $890000 on 10-year, 7% bonds issued on January 1, 2019. The bonds had a face value of $944000, pay interest annually on December 31, and have a call price of 104. Pharoah uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2021? $944000 $895400 $900800 $933200 During the month of March, Lisa Company's employees earned wages of $88,000. Withholdings related to these wages were $6,732 for Social Security (FICA), $14,700 for federal income tax, $6,100 for state income tax, and $800 for union dues. The company incurred no cost related to these earnings for federal unemployment tax, but incurred $1,700 for state unemployment tax Prepare the necessary March 31 journal entry to record wages expense and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Prepare the entry to record the company's payroll tax expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 A corporation has the following account balances: Common Stock, $1 par value, $80000; Paid-in Capital in Excess of Par Value, $2530000. Based on this information, the average price per share issued is $3.26. legal capital is $2610000. number of shares issued is 80000. number of shares outstanding is 2610000. If Metlock, Inc. issues 5000 shares of $10 par value common stock for $390000, the account Cash will be debited for $340000. Paid-in Capital in Excess of Par Value will be credited for $340000. Common Stock will be credited for $390000. Paid-in Capital in Excess of Par Value will be credited for $50000