Chapter 8 ASSIGNMENT Great Manufacturing Company received and paid a premium notice on January 2 for workers' compensation insurance stating the rates for the new year, Estimated employees' earnings for the year are as follows: Classification Office clerical Warehouse work Manufacturing Classification Office clerical Warehouse work Manufacturing At the end of the year, the exact figures for the payroll are as follows: ctual Wages Rate per Hundred and Salaries (Percent) 0.11 0.92 2.20 Required: Estimated Wages and Salaries $92,000 29,000 264,000 DATE $93,000 30,000 267,000 Rate per Hundred (Percent) 0.11 0.92 2.20 DESCRIPTION Estimated Premium $101.20 266.80 5,808.00 $6,176.00 Exact Premium a. Record the estimated premium entry for the payment on January 2, in general journal form. GENERAL JOURNAL $102.30 276.00 5,874.00 $6,252.30 DOC. NO. POST. REF. DEBIT PAGE CREDIT S

Great Manufacturthe Company recelved and paid a premium notice on January 2 for workers compensatian insurance stating the rates for the new veac fitimated employets eamings for the vear are as follows: 16.175.00 At the end of the vear, the exact figuret for the payroil are at follows: Requiredi I. Antord the entimated premium entry for the puyment on January 2 , in oeneral fournal form