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Data Table More Info The long-term debt is payable in annual installments of $48,000, with the next installment due on July 31. On that date, Fast Ship will also pay one year's interest at 9%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue S 116,000 Accounts Payable Interest Payable Salaries Payable Employee Income Taxes Payable FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Unearned Rent Revenue Long-Term Notes Payable a. interest expense at year-end b. Gross unpaid salaries for the last payroll of the fiscal year were S4,500. Assume that employee income taxes withheld are S970 and that all earnings are subject to OASDI Record the associated employer taxes payable for the last payroll of the fiscal year, $4,500. Assume that the earnings are not subject to unemployment compensation taxes c. d. On February 1, the company collected one year's rent of 7,500 240,000 $7,500 in advance Pr More Info Accounts and Explan For all payroll calculations, use the following tax rates and round amounts to thee nearest cent Employee: Employer ent Revenue OASDI 6.2% on first $118,500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% on all earningS le t revenue earned at year-ern ave been opened for you. In PrintDone sted balance of each accoun Data Table More Info The long-term debt is payable in annual installments of $48,000, with the next installment due on July 31. On that date, Fast Ship will also pay one year's interest at 9%. Interest was paid on July 31 of the preceding year. Make the adjusting entry to accrue S 116,000 Accounts Payable Interest Payable Salaries Payable Employee Income Taxes Payable FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Unearned Rent Revenue Long-Term Notes Payable a. interest expense at year-end b. Gross unpaid salaries for the last payroll of the fiscal year were S4,500. Assume that employee income taxes withheld are S970 and that all earnings are subject to OASDI Record the associated employer taxes payable for the last payroll of the fiscal year, $4,500. Assume that the earnings are not subject to unemployment compensation taxes c. d. On February 1, the company collected one year's rent of 7,500 240,000 $7,500 in advance Pr More Info Accounts and Explan For all payroll calculations, use the following tax rates and round amounts to thee nearest cent Employee: Employer ent Revenue OASDI 6.2% on first $118,500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% on all earningS le t revenue earned at year-ern ave been opened for you. In PrintDone sted balance of each accoun

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