XYZ Company is processing payroll for the week ending January 9th. Employee earnings total $5,000. Federal income tax withheld from employee paychecks totaled $1,100. The social security tax rate is 6%, the Medicare tax rate is 1.5%, the state unemployment tax rate is 5.4% and the federal unemployment tax rate is .8%. a) Journalize the payroll entry for the week. Debit Credit DATE XIX b) Journalize the payroll tax entry for the week. DATE Debit Credit XIX a. On January 1, 20X1, your firm issues a $15,000, 4-year, 5% bond with interest payable annually for $13,056. At the time of the issuance, market rates are 9%. Journalize the issuance of the bond. DATE Debit Credit XIX b. Journalize the first annual interest payment on December 31, 20X1. Debit Credit DATE XIX C. Journalize the amortization of the premium/discount on December 31, 20X1. (If necessary, round dollar.) DATE Debit Credit XIX For Blank 29 d. On January 1, 20x2, the bonds are called at 99. Journalize this transaction. DATE Debit XIX Credit XYZ Company is considering the following financing plans. Plan 1 Plan 2 Plan 3 $3,000,000 $1,000,000 $2,000,000 Bonds, 10% Preferred stock, $100 par, 1% Common stock, $10 par $5,000,000 $5,000,000 3,000,000 $5,000,000 $1,000,000 $5,000,000 The company has earnings before interest and taxes of $750,000 and assumes a tax rate of 40%. Calculate the earnings per share for each plan. Plan 1 Plan 2 Plan 3 EBIT Interest EBT Taxes k 10 Net income Preferred div. Avail. for common Common shares Earnings per share