QUESTION 25 A company has 90 employees and a weekly payroll of $117,000. The FICA-social security tax is 6.2% and the FICA-Medicare tax is 1.45%. The total withholding for federal income tax is $16.500 for the current week. Assuming no employee's salary is over the FICA limit, prepare the journal entry to accrue this week's salaries expense and withholdings General Journal Account Name Debit Credit TT T Arial 3 (12pt) TE 13 On January 1, 2005, a company issued 10-year, 10% bonds payable with a pat value of $500,000, and received 5442,647 in cash proceeds. The market rate of interest at the date of sance was 12%. The bonds pay interest semiannually on July 1 and January 1. The issuer uses the straight line method for amortization Prepare the one's journal entry to record the () ance of the bonds and first semineret prometo July 1, 2005 Date Account Name Debat Credit (0) TTT QI