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2. P9-9B WORKER COMPENSATION INSURANCE AND ADJUSTED Multnomah manufacturing estimated that its total payroll for the coming year would be $540000 the worker's compensation insurance

2. P9-9BWORKER COMPENSATION INSURANCE AND ADJUSTED Multnomah manufacturing estimated that its total payroll for the coming year would be $540000 the worker's compensation insurance premium rate is 0.2%.

1. calculate the estimated worker's compensation insurance premium and prepare the journal entry for the payments as of January 2, 20...

2. Assume that Multnomah manufacturing actual payroll for the year was $562000. Calculate the total insurance premium owned and prepare a journal entry as of December 31, 20..., to record the adjusted for the underpayment. The actual payment of the additional premium will take place in January of the next year.

3. Assume instead that Multnomah manufacturing actual payroll for the year was $532000, Prepare a journal entry as of December 31, 20... for the total amount that should be refunded. The refund will not be received until the next year .

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image text in transcribed Problem 9-9B 1) General Journal Page 1 Date Description Post Ref. Debit Credit 2) General Journal Page 1 Date Description Post Ref. Debit Credit 3) General Journal Page 1 Date Description Post Ref. Debit Credit

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