2. The time cards are being entered into the accounting system for four employees, The costs for Employee 1 are to be billed to job cost code 302.01.01100LTen hours of Employee 2 time is to be billed to job cost code 302.01.06110L and the remaining 30 hours are to be billed to job cost code 302.01.06210L.Employee 3 took vacation this entire week and Employee 4 Works in the main office. The employee costs and deductions withheld from the employees check are shown below. Using the chart of accounts included at the end this assignment file, determine the changes to the balance sheet, Income statement, job cost ledger and equipment ledger as the result of entering the employees time into the accounting system:

Using the chart of accounts included at the end this assignment file, determine the changes to the balance sheet, income statement, job cost ledger and equipment ledger as the result of paying the employees in Problem 2 for one weeks work.

Employee ($) 2 3 1 4 Total Employer's Costs Wages Social Security Medicare SUTA FUTA Liability Insurance Workers' Comp. Health Insurance Vacation Total Employee Deductions Social Security Medicare Federal Withholdings State Withholdings Health Insurance Total 600.00 37.20 8.70 18.00 4.80 12.00 54.00 40.00 38.92 813.62 400.00 24.80 5.80 12.00 3.20 8.00 36.00 40.00 29.79 559.59 350.00 21.70 5.08 10.50 2.80 7.00 31.50 40.00 27.51 496.09 500.00 31.00 7.25 15.00 4.00 10.00 15.00 40.00 33.20 655.45 1,850.00 114.70 26.83 55.50 14.80 37.00 136.50 160.00 129.42 2,524.75 37.20 8.70 59.85 36.00 60.00 201.75 24.80 5.80 29.85 24.00 60.00 144.45 21.70 5.08 22.35 21.00 60.00 130.13 31.00 7.25 44.85 30.00 60.00 173.10 114.70 26.83 156.90 111.00 60.00 649.43