5. Using the chart of accounts in Figure 2-1, Determine the changes to the balance sheet, income statement, job cost ledger and equipment ledger as the result of billing a client $368,264 for job 313. The bill includes $249,996 for the work performed during the last month and S118,268 for retention withheld from the previous month's payments. Retention will not be withheld on the $249,996. Employee (S) 4. Total Employer's Costs Wages Social Security Medicare SUTA FUTA Liability Insurance Workers' Comp. Health Insurance Vacation 500.00 31.00 7.25 600.00 400.00 5.80 3.20 37.20 8.70 18.00 4.80 12.00 54.00 40.00 50.00 21.70 5.08 10.50 2.80 7.00 31.50 40.00 27.51 496.09 1,850.00 114.70 26.83 55.50 14.80 37.00 136.50 36.00 40.00 29.79 559.59 15.00 33.20 655.45 129.42 2,524.75 813.62 37.20 59.85 Total Employee Deductions Social Security Medicare Federal Withholdings State Withholdings Health Insurance 24.80 5.80 29.85 24.00 21.70 5.08 22.35 21.00 31.00 7.25 44.85 30.00 60.00 173.10 114.70 26.83 156.90 111.00 36.00 Total 201.75 144.45 649.43 5. Using the chart of accounts in Figure 2-1, Determine the changes to the balance sheet, income statement, job cost ledger and equipment ledger as the result of billing a client $368,264 for job 313. The bill includes $249,996 for the work performed during the last month and S118,268 for retention withheld from the previous month's payments. Retention will not be withheld on the $249,996. Employee (S) 4. Total Employer's Costs Wages Social Security Medicare SUTA FUTA Liability Insurance Workers' Comp. Health Insurance Vacation 500.00 31.00 7.25 600.00 400.00 5.80 3.20 37.20 8.70 18.00 4.80 12.00 54.00 40.00 50.00 21.70 5.08 10.50 2.80 7.00 31.50 40.00 27.51 496.09 1,850.00 114.70 26.83 55.50 14.80 37.00 136.50 36.00 40.00 29.79 559.59 15.00 33.20 655.45 129.42 2,524.75 813.62 37.20 59.85 Total Employee Deductions Social Security Medicare Federal Withholdings State Withholdings Health Insurance 24.80 5.80 29.85 24.00 21.70 5.08 22.35 21.00 31.00 7.25 44.85 30.00 60.00 173.10 114.70 26.83 156.90 111.00 36.00 Total 201.75 144.45 649.43