Journal entries for payroll LO 2,3 A partial summary of the payroll data for The Las Vegas 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 $70,000 FICA maximum b For each payroll period, prepare jour...

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Journal entries for payroll LO 2,3 A partial summary of the payroll data for The Las Vegas

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Journal entries for payroll LO_2,3 A partial summary of the payroll data for The Las Vegas Manufacturing Company for each week of June is as follows:

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a. Compute the missing amounts in the summary, assuming that no employees have reached the $70,000 FICA maximum.

b. For each payroll period, prepare journal entries to (I) record the payroll and (2) record the payments to employees.

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Principles Of Cost Accounting

ISBN: 9780324100945

12th Edition

Authors: Edward J. Vanderbeck

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Question Posted: Jun 14, 2024 01:25 AM

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Journal entries for payroll LO 2,3 A partial summary of the payroll data for The Las Vegas

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Total earnings Deductions: FICA tax, 8%. Tax-sheltered annuity Income tax.. Health insurance. Total deductions Net earnings. June 7 June 14 June 21 June 28 $36.500 $34,200. $37,300 $38,400 $ $ ? $ ? ? 1,825 1,780 1,855 1,870 4.215 4.120 4.320 4.410 600 600 600 600 $ $ $ ? $ $ ? $ ? $ ? $

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Principles Of Cost Accounting

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