1. (JE and Taxes)

Journalize the following Dunder Mifflin Transactions.

A. Dunder Mifflin bought printer paper (for resale) for $350.

B. DM purchased 3 more packages of sticky notes for $32.

C. Of Jim's $3,000 paper sales this period, 6% is taxed (sales tax, assume the rest is in cash.)

D. At the end of the month, Kevin is supposed to prepare payroll, do DM a favor and prep art the entry for him. Total wages were $54,000.

FIT: 10%

SIT: 3.07%

FICA: 6.2%

FUTA: 6%

SUTA: .07%

E. Michal Scott decides to offer gift cards (which is highly unadvised by David Wallace). To everyones surprise DM actually sold $32 worth of gift cards.

F. Dwight (owner of the building) sent Michal a utility bill for $325 for past months utilities

G. Jan Levinson (owner of the yellow pages) sends DM a check for $4,200 for paper products next month.