Red Mountain, Inc., has the following information from its payroll records: Salaries and wages earned by employees Less: income taxes withheld from employees Less: PICA taxes withheld from employees Net pay to employees $180,000 27,000 9,000 $144,000 The employer amount of FICA taxes that Red Mountain is required to pay is equal to the amount that it withholds from its employees. Assume no other payroll taxes are incurred at this time. What is Red Mountain's total expense with regards to this payroll? Multiple Choice $144,000 $153.000 On November 1, 2018, Sky Mountain Co. borrowed $200,000 cash on a t.year, 6% note payable that requires Sky Mountain to pay both principal and interest on October 31, 2019. Given no prior adjusting entries have been recorded, the adjusting journal entry on December 31, 2018, Sky Mountain's year-end, would include a Multiple Choice credit to Cash of $2000 debt to interest Expense of $12,000 credit to interest Payable of $2,000. credit to Note Payable of $2,000