The general lecger of Seat - N - Ship at June 30,2018 , the end of the company's fiscal year, inctudes the following account balances before paytoll and adysting entries ETI (Click the loon to view the apcount balances.) The additional data needed to develop the payroll and adjusting entries at June 30 are as follows. (1) (Cick tho icon to view the additional information.) (i) (Click the bon to viow poyroll lax rato information.) More info a. The long-term debt is payable in annual instalmente of \$42,000, wath the neat installenent due on July 31, On that date, Seal NShip wit also pay one year's interest at 9N, Interest Was paid on July 31 of the procoding yeat. Make the acpusting entiy to accrue interest expense at year-end b. Gross unpaid salaries for the last payroll of the fiscal your were $4,700. Assume that employee income taxes withiseld are $910 and that all eamings are subjoct to OASDt. c. Fecoed the associated employer tames payable for the last payroll of the ficcal yoar, \$4,700. Assume that the eamings are not subjoct to unemployment compermation taxes. d. On Febiuary 1, the company colected one year's rent of $7.200 in edvance. -N - Ship at June 30,2018 , the end of the company's fiscal year, includes the following account balances befor the account balances.) d to davalon tha navroll and ladiuctionantrioce at llume 3 ara ac followe. More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings. Data table The general ledger of Seal - N-Ship at June 30,2018 , the end of the cormpany's fiscal year, includes the following account balances telore payrol and adjusting entries (Cick the icon to viow the account balances.) The additional data needed to develop the payroll and adjusting entrios at June 30 are as follows: (1) (Click the icon to view the additional information.) (Click the icon to view payroll tax rate information] Read the requirements a. The long-term debt is payable in annuat installments of $42,000, with the next installment due on July 31 , On that date, Seat- N - Ship wal also pay one year's interest at 9\%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to acerue interest expense at year-end Lastly, the Salaries and Wages Payable account will be increased by the net pay. Remember that we record an increase in liabilities with a credit. Go ahead and record the entry. The general ledger of Fast Ship at June 30, 2018, the end of the company's fiscal year, includes the following account balances before payroll and adjusting entries. (Click the icon to view the account balances.) The additional data needed to develop the payroll and adjusting entries at June 30 are as follows: F. IClink tha imn th viow tho adilitionol information I A. Iflint tho imn in viow navrnil tov Employers must record payroll tax expense as a debit to Payroll Tax Expense and as credits to the various payable accounts. In this case, the payroll tax expense is the sum of FICA-OASDI tax and FICA-Medicare tax amounts. In this problem we are told to assume that the earnings are not subject to unemployment, so only FICA-OASDI and FICA-Medicare amounts need to be recorded. Record the entry now