I do not understand how or where to plug in the numbers or how I get the numbers to plug into the charts.

Done WK5_Homework_CH11.xisx STUDENT NAME Principlies of Accounting II - Week 5 Homework Assignment Accounting for notes payable Problem 1 On December 31 2017, Franklin purchased $13,000 of merchandise inventory on a one-year, 9% note payable. Franklin uses a perpetual inventory system. Requirement 1: Journalize the company's purchase of merchandise inventory on December 31, 2017 Date 2017 Accounts and Explanation Debit Credit Dec. 31 Merchandise Inventory Notes Payable ( Purchase merchandise inventory in exchange for one yest. 9% note) Requirement 2: Joumalize the company's accrual of interest expense on June 30, 2018. its fiscal year-end Date Accounts and Explanation Debit Credit 2018 Jun. 30 Interest Expense fint principal = $13.000; laters Interest Payable (Accrued interest expense at year-end) Requirement 3: Journalize the company's payment of the note plus interest on December 31, 2018. Date Accounts and Explanation Debit Credit 2017 Dec. 31 Notes Payable O Interest Expense Hint: principal is $13,000 Interest Payable Cash (Paid note and interest at maturity) Hat fornese in calculate interest is princion a nearest x tone Problem 2 Hugh Stanley manages a Dairy House drive-in. His straight-time pay is $12 per hour, with time-and-a- half for hours in excess of 40 per week. Stanley's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $5 for a charitable contribution to United Way. Stanley worked 58 hours during the week. Hugh Stanley Net Pay is $576.69 Requirement: Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000 Straight-time pay for 40 hours Overtime pay for 18 hours Gross Pay Gross Pay Less Withholding deductions Employee income tax (20%) Hint: Multiply gross pay by percentage Employee OASDI tax (6.2%) of Hint: Multiply gross pay by percentage Employee Medicare tax (1.45%) Hint: Multiply gross pay by percentage Employee contributions to United Way Total witholdings Net Pay