A partial summary of the payroll data for Burrington Manufacturing Company for each week of June is

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A partial summary of the payroll data for Burrington Manufacturing Company for each week of June is as follows:

a. Compute the missing amounts in the summary, assuming that no employees have reached the $100,000 FICA maximum.
b. For each payroll period, prepare journal entries to
(1) Record the payroll and
(2) Record the payments toemployees.

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Principles Of Cost Accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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Question Posted: Jan 07, 2012 05:08 AM

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A partial summary of the payroll data for Burrington Manufacturing Company for each week of June is

Question:

June 7 June 14 June 21 June 28 36,500 34200 37,300 38,400 Gross earnings Deductions: FICA tax, 8% Tax-sheltered annuity . . . . 1,825 Income tax 4,215 Health insurance.... S? S? 1,780 4,120 600 1,855 4,320 600 1,870 4,410 600 600 Total deductions. S7 S? Net earnings $7

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a June 7 June 14 June 21 June 28 FICA tax 2920 2736 2984 3072 Total deductions 9560 9236 9759 ...View the full answer

Principles Of Cost Accounting

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