This question has two parts. Please answer both, thank you!

Part A.) On the first day of the fiscal year, a company issues a $8,200,000, 9%, 9-year bond that pays semiannual interest of $369,000 ($8,200,000 9% ), receiving cash of $6,868,206.

Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.

	Interest Expense
	Discount on Bonds Payable
	Cash

Part B)

The payroll register of Wang Heritage Co indicates $2,058 of social security withheld and $514.50 of Medicare tax withheld on total salaries of $34,300 for the period. Earnings of $10,600 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.

Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two decimal places.

	Payroll Tax Expense
	Social Security Tax Payable
	Medicare Tax Payable
	State Unemployment Tax Payable
	Federal Unemployment Tax Payable