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6** 6. Following are some transactions and events of Business Solutions. February 26 The company paid cash to Lyn Addie for eight days' work at
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6. Following are some transactions and events of Business Solutions. February 26 The company paid cash to Lyn Addie for eight days' work at $150 per day. March 25 The company sold merchandise with a \$2,700 cost for $2,900 on credit to Wildcat Services, invoice dated March 25. Record the journal entry to reflect the (employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 5.4% for the company). (Round your answers to 2 decimal places. Do not round intermediate calculations.) Show lessA Journal entry worksheet Record the employer's payroll expenses and liabilities for the eight days work paid on February 26. Note: Enter debits before credits Step by Step Solution
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