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analyze the following data and calculate bank reconciliation amy payroll accounts? what hs paul larkins net pay for January? F G H NOP #6: Analyze

analyze the following data and calculate bank reconciliation amy payroll accounts?
what hs paul larkins net pay for January? image text in transcribed
F G H NOP #6: Analyze the following data and calculate the bank reconciliation and Payroll amounts The following information is available for Winston Company for the month ending lune 30, 2018 Balance as per the bank statement is $11,240. Balance as per books is $10,200 Check #506 for $1,200 and check #510 for $900 were not shown on the June 30, bank statement. A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated. A bank debit memo indicated an NSF check for $85 written by Peter Wynn to Winston Company on June 13. A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20. The bank statement indicated service charges of $20. What is the adjusted book balance? Please show your calculations. Use the shaded text box below for your answer. (5pts) The adjusted book balance comes out to be $12,250. (Book balance, 10,200) Note receivable, 2,100)+(Interest revenue, 55)-(Bank service charges, 20) - (NSF check, 85)-(Adjusted book balance, $12,250) (Bank statement balance, 11,240) + (Deposit in transit+ 3,110) - (Check #506, 1,200) - (Check #510, 900) - (Adjusted bank balance, $12,250) Paul Larkin and Jim Smith are the only two employees of Texas Pipe Company. In January, 2018, Paul's gross pay was $5,500 and Jim's gross pay was $5,900. All earnings are subject to FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45% and Unemployment Tax rate of 6%. Each have voluntary deductions of $67.00 and $58.00 respectively and are subject to Federal Income Tax rate of 18% each. What is Paul Larkin's Net Pay for January? Please show your calculations. (5 pts) Paul Larkin's net pay for January is $3,789.25 calculated it by multiplying S5500 by the OASDT tax of 6.2%, Medicare Tax of 1.45% the Unemployment tax of 6, and the Federal Income Tax rate of 18%. Getting 330 for the OASDI, 341 for Medicare, 79.75 for Unemployment, and 990 for Federal Income Tax. From there i subtracted each of these from $5,500, and come up with $3,789.25 #4 #5 & #6

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