13 Issued Check No. 304 for office equipment, $525/ 17 Issued Check No. 30s for the purchase of supplies, $133 18 Issued Check No. 306 to pay attorney fees, $1,000. 30 Issued Check No. 307 to pay newspaper for an advertisement, $200.20. REQUIRED 1. Record the petty cash transactions in a petty cash payments record. 2. Make all required general journal entries for the cash transactions. (Note: The petty cash fund was established and replenished twice during July) 3. The bank statement on page 265 was received in the mail. Deposits were made on July 6 for $3,500 and on July 29 for $2,350. The checkbook balance on July 31 is $4,331.55. Notice the discrepancy in Check No. 302 that cleared the bank for $655. This check was written on July 5 for rent expense, but was incorrecty entered on the check stub and in the journal as $650. Prepare a bank reconcilia tion and make any necessary journal entries as of July 31 ETHICS CASE old Bol n? Why or why not weks and so stay hoome from work for at have on Cliffrock Company's workers 2 What effect will Bob's claims 3, Write a short emo froem the human resources department to Cye , Cliffrock . In smuaill groups, discuss the job-related iliness or injury risks of a operator and measures an employer inight take to minimie these MASTERY PROBLEM ended Ma pa The torals line from Nix 20-, is as follows from Nix Company's payroll register for the week PAYROLL Ini 5 Payroll taxes are imposed as follows: Social Security tax, 62%; 1.45%; FUTA tax, 0.6%; and SUTA tax, 5.4%, REQUIRED 1. a. Prepare the journal entry for payment of this payroll on March 31, 20- b. Prepare the journal entry for the employer's payroll taxes for the period ended March 31, 20- 2. Nix Company had the following balances in its general ledger before the entris for requirement (1) were made: Employee federal income tax payable Social Security tax payable Medicare tax payable FUTA tax payable entnes $2,500 2,008 470 520 4,510 SUTA tax payable 13 Issued Check No. 304 for office equipment, $525/ 17 Issued Check No. 30s for the purchase of supplies, $133 18 Issued Check No. 306 to pay attorney fees, $1,000. 30 Issued Check No. 307 to pay newspaper for an advertisement, $200.20. REQUIRED 1. Record the petty cash transactions in a petty cash payments record. 2. Make all required general journal entries for the cash transactions. (Note: The petty cash fund was established and replenished twice during July) 3. The bank statement on page 265 was received in the mail. Deposits were made on July 6 for $3,500 and on July 29 for $2,350. The checkbook balance on July 31 is $4,331.55. Notice the discrepancy in Check No. 302 that cleared the bank for $655. This check was written on July 5 for rent expense, but was incorrecty entered on the check stub and in the journal as $650. Prepare a bank reconcilia tion and make any necessary journal entries as of July 31 ETHICS CASE old Bol n? Why or why not weks and so stay hoome from work for at have on Cliffrock Company's workers 2 What effect will Bob's claims 3, Write a short emo froem the human resources department to Cye , Cliffrock . In smuaill groups, discuss the job-related iliness or injury risks of a operator and measures an employer inight take to minimie these MASTERY PROBLEM ended Ma pa The torals line from Nix 20-, is as follows from Nix Company's payroll register for the week PAYROLL Ini 5 Payroll taxes are imposed as follows: Social Security tax, 62%; 1.45%; FUTA tax, 0.6%; and SUTA tax, 5.4%, REQUIRED 1. a. Prepare the journal entry for payment of this payroll on March 31, 20- b. Prepare the journal entry for the employer's payroll taxes for the period ended March 31, 20- 2. Nix Company had the following balances in its general ledger before the entris for requirement (1) were made: Employee federal income tax payable Social Security tax payable Medicare tax payable FUTA tax payable entnes $2,500 2,008 470 520 4,510 SUTA tax payable