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Please Answer both questions 14 On November 1, Year 1, Noble Company borrowed...

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Accounting

Please Answer both questions

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14 On November 1, Year 1, Noble Company borrowed $76,000 from South Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, Year 1, the adjusting entry with respect to this note includes a: eBook Multiple Choice Credit to Interest Payable for $1,520. Credit to Cash for $3,040. Debit to Interest Expense for $3,040. Credit to Notes Payable for $1,520. Which of the following payroll taxes do not stop once an employee reaches a certain level of income: 15 Multiple Choice eBook Unemployment taxes. Medicare, Social security, and unemployment taxes. Medicare taxes. Social security taxes

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