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1. The Cash section of the bank reconciliation for Lissel Company for July 31 follows: Book Balance as of 07/31 $7,077.50 Add: Error in recording

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1. The Cash section of the bank reconciliation for Lissel Company for July 31 follows: Book Balance as of 07/31 $7,077.50 Add: Error in recording check #2865 payable to Benton Company to pay an Accounts Payable balance (recorded check for $12 too much). 12.00 $7,089.50 Deduct: NSF check from Ima Deadbeat -$95.00 Bank service charge - 14.00 NSF Fee -15.00 - 124.00 Reconciled Book Balance as of 07/31 $6,965.50 Journalize the entries required to bring the general ledger up to date as of July of this year. 2. Below is a list of four employees and their information: a) Sioux Lee is paid time-and-a-half for all hours over 40 in a designated work week. She worked 44 hours during the week. Her regular pay rate is $25 per hour. b) Phillip Lupe worked 46 hours during the week. He is paid time-and-a-half for all hours over 40 in the designated work week. His regular pay rate is $20 per hour. c) Julie Randolph is paid a commission of 10 percent of her sales, which amounted to $31.489. d) Travis King's yearly salary is $104,000. During the week, he worked 45 hours, and is entitled to time-and-a-half for all hours over 40. Determine the gross pay for each employee listed above. 99 FB

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