The total amount of interest that will be paid on a five-month, $13.800.8% note payable equals: Multiple Choice $460.00 $368.00 $170400 644.00. The following information was obtained from Quayle Company's income statement Income before Interest and Income Tax Expense Interest Expense Income before Income Tax Expense Income Tax Expense Net Income $686,000 75,500 610,500 215,000 $395,500 What is the times interest earned ratio? O O O O 809 Zorn Inc makes a sale for $320. The company is required to collect sales taxes amounting to 5%. What is the amount that will be credited to the Sales Tax Payable account? Multiple Cholce ( $160 Redmont Company's gross salaries and wages are $18,000, and it withholds $2.700 for income taxes and $1,377 for FICA taxes, the joumal entry to record the employees' pay should include a Multiple Choice credit to Salaries and Wages Payable for $13,923 debit to Salaries and Wages Expense for $13,923. o credit to Salaries and Wages Payable for $18,000 O debit to Salaries and Wages Payable for $13,923. On September 1, Sky Mountain Co. borrowed $52,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjusting entries have been recorded. Sky Mountain's adjusting entry four months later at December 31 would include a Multiple Choice o debit to Interest Expense of $3,120 0 debit to Interest Expense of $780. 0 debit to Interest Expense of $2,340 0 debit to Interest Expense of $1,040, Thomas Longbow is the only employee of Presido, Inc. During the first week of January, Longbow earned $2,200.00 and had federal and state income tax withholdings of $110.00 and $41.25. respectively. FICA taxes are 7.65% on earnings up to $117,000. State and federal unemployment taxes for the period are $137.50 and $22.00, respectively. What would be the amount of Longbow's payroll check for the first week of January Multiple Choice 0 $2,200.00 O $1.720.95 0 $1,830.45 0 $2.03170 0