all of the ones highlighted red are wrong so I just need those ones, thanks!
The following data for Throwback Industries inc. relate to the alyzoll for the week ended December 9 Employees Mantle and Wiliams are oftice stalf, and all of the other employees are sales personnel All sales porsonnel are paid 1 Wimes the regular rate for all hours in exce 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employoo's annual eamings. The next payroll check to be used is No. 901. Pequired: 1. Prepare a paroll summary for Throwback industries the. for the week ended Decernber 9. Assume the normat working hours in a woek are to hours. Enter amounts as positive numbers and round your intermodiate cakculations and final answers to the nearest whole cent (two decimal places) 2. Joumalise the entry to record the payrolf for the week. If roquired, found your answers to two decimal places. Aefer to the Chart of Accounts for exact wording of acoount tites. CHART OF ACCOUNTS Throwback Industries General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Accounts Receivable 610 interest Revenue 112 Interest Receivable 113 Notes Receivable EXPENSES 115 Inventory 510 Cost of Goods Sold 116 Supplies 520 Office Salaries Expense 118 Prepaid Insurance 521 Sales Salaries Expense 120 Land 524 Depreciation Expense-Building 123 Building 525 Delivery Expense 124 Accumulated Depreciation-Building 526 Repairs Expense 125 Office Equipment 529 Selling Expenses 126 Accumulated Depreciation-Office Equipment 531 Rent Expense 532 Depreciation Expense-Office Equipment LIABILITIES 533 Insurance Expense 210 Accounts Payable 534 Supplies Expense 213 Interest Payable 535 Payroll Tax Expense LIABILITIES 533 Insurance Expense 210 Accounts Payable 534 Supplies Expense 213 Interest Payable 535 Payroll Tax Expense 214 Notes Payable 538 Cash Short and Over 215 Salaries Payable 539 Product Warranty Expense 216 Social Security Tax Payable 540 Miscellaneous Expense 217 Medicare Tax Payable 710 Interest Expense 218 Employees Federal Income Tax Payable 221 U.S. Saving Bond Deductions Payable' 224 Federal Unemployment Tax Payable 225 State Unemployment Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 1. Prepare a payroll summary for Throwback Industries Inc, Ior the week ended December 9 . Assume the normal working hours in a week are 4o hours. Enter amounts as positive ne decimal places) the normal working hours in a week are 40 hours. Enter amounts as positive numbers and round your intermediate calculatlons and final answers to the nearest whole cent (two 2. Journalize the entry to record the paryroll for the week. N required, round your answers to hwo decimal places. Refer to the Chart of Accounts for exact wording of account Bhles How does stadins mork
