solve

Ijercicios de Prctica 1. On June 1 , Streamsong Company borrows $150,000 from First Bank on a 6-month, $150,000, 8% note. - Instructions a. Prepare the entry on June 1. b. Prepare the adjusting entry on June 30. c. Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30 . d. What was the total financing cost (interest expense)? 2. Erin Berge's regular hourly wage rate is $18, and she receives a wage of 121 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Erin worked 42 hours. Her gross earnings prior to the current week were $6,000. Erin is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week. Assume federal income tax withheld is $76. d. What was the total financing cost (interest expense)? 2. Erin Berge's regular hourly wage rate is $18, and she receives a wage of 121 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Erin worked 42 hours. Her gross earnings prior to the current week were $6,000. Erin is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week. Assume federal income tax withheld is $76. - Instructions a. Compute the following amounts for Erin's wages for the current week. 1. Gross earnings. 2. FICA taxes (based on a 7.65% rate). 3. State income taxes withheld (based on a 3% rate). 4. Net pay. b. Record Erin's pay