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Exercise Al-10 Calculating and recording payroll deductions LO3, 4 The following information as to earnings and deductions for the weekly pay period ended March 9
Exercise Al-10 Calculating and recording payroll deductions LO3, 4 The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll records: Weekly Employees' Gross Names Pay Hellen Craig $ 880 Joseph Lim 770 Dino Patelli 990 Sharleen McFee 1,860 $ 4,500 Earnings to End of Previous Week $ 14,430 12,240 17,740 Income Taxes $ 141.17 111.46 177.66 Health Insurance Deductions $ 32.00 32.00 31.00 31,420 504.06 32.00 $ 934.35 $ 127.00 1. Prepare a General Journal entry to record the employer's payroll costs resulting from the payroll. (Do not round intermediate values. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's payroll costs resulting from the payroll. Note: Enter debits before credits. Date General Journal Debit Credit Mar 09 Record entry Clear entry View general journal 2. Prepare a General Journal entry to record the following employee benefits incurred by the company: (a) health insurance costs equal to the amounts contributed by each employee and (b) contributions equal to 10% of gross pay for each employee's retirement income program. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employee benefits incurred by the company. Note: Enter debits before credits. Date General Journal Debit Credit Mar 09 Record entry Clear entry View general Journal
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