Check my won The following information relates to Ponte Manufacturing Company's workers compensation insurance premiums for 20X1. On January 15, 20x1, the company estimated its premium for workers' compensation insurance for the year on the basis of the data Amount of More Estimated the Classification ge Rates office work $ 52,000 $640/1100 Shop work 200,000 $5.00/5100 Required: 1. Compute the estimated premiums. 2. Record in general journal form payment of the estimated premium on January 15, 20x1. 3. On January 4 20x2. an audit of the firm's payroll records showed that it had actually paid wages of $57,960 to its office employees and wages of $303,320 to its shop employees. Compute the actual premium for the year and the balance due the insurance company or the credit due the firm 4. Prepare the genernt journal entry on December 31, 20X1, to adjust the Workers' Compensation Insurance Expense account Analyze: fall wages were attributable to shop employees, what premium estimate would have been calculated and recorded on January 15, 20X1? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Analyze Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analyze Compute the estimated premiums. (Round "Insurance Rate" answers to 3 decimal places. I.e., 12.3% should be ente 0.123) Estimated Earnings Insurance Rate Estimated Premiums Work Classification Office work Shop work Total $ 0 (Required Required 2 > 20X17 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analyze Record in general journal form payment of the estimated premium on January 15, 20x1. (Round your answers to 2 decimal places.) View transaction X 1 Record payment of estimated workers compensation for the year. Credit Woyes were attihutable to shop employees, what premium estimate would have been calculated and recorded on January 15, 20X1? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analyze On January 4, 20x2, an audit of the firm's payroll records showed that it had actually paid wages of $57,960 to its office employees and wages of $303,320 to its shop employees. Compute the actual premium for the year and the balance due the insurance company or the credit due the firm. (Round "Insurance Rate" answers to 3 decimal places. Le., 12.3% should be entered as 0.123) Work Actual Insurance Actual Classification Earnings Rate Premiums Office work Shop work Total 0.00 Estimated premiums paid Additional premium due $ 0.00 Analyze: If all wages were attributable to shop employees, what premium estimate would have been calculated and recorded on January 15, 20X12 Complete this question by entering your answers in the tabs below. Required 1 Required? Required 3 Required 4 Analyze Prepare the general journal entry on December 31, 20x1, to adjust the Workers' Compensation Insurance Expense account. (Round your answers to 2 decimal places.) View transaction list X Record the balance due to the insurance company or the credit due the firm. le firm. 2 Record the general journal entry to adjust the Workers' Compensation Insurance Expense account. PHY 4. Prepare the general journal entry on December 31, 20x1, to adjust the Workers Compensation Insurance Expense account Analyze: If all wages were attributable to shop employees, what premium estimate would have been calculated and recorded on January 15, 20X1? Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Analyze If all wages were attributable to shop employees, what premium estimate would have been calculated and recorded on January 15, 20X1? Premium estimate Prepare the general journal entry on December 31, 20x1, to adjust the w your answers to 2 decimal places.) View transaction list ** X ***** 1 Record the balance due to the insurance company or the credit due the firm. i TE 2 Record the general journal entry to adjust the Workers' Compensation Insurance Expense account. doo If all wages were att 20X1? print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analyze If all wages were attributable to shop employees, what premium estimate would have been calculated and recorded on January 15, 2017 Premium estimate