Following are some transactions and events of Business Solution:s Feb. 26 The company paid cash to Lyn Addie for eight days work at $135 per day Mar. 25 The company sold merchandise with a $2,032 cost for $2,810 on credit to Wildcat Services, invoice dated March 25. Required 1. Assume that Lyn Addie is an unmarried employee. Her $1,080 of wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $108. Compute her net pay for the eight days' work paid on February 26. (Do not round intermediate calculations. Round your answer to 2 decimal places.) ay 2. Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part 1. (Do not round intermediate calculations. View transaction list Journal entry worksheet Record the payroll expenses and liabiliies for the eight days' work paid on February 26. Note: Enter debits before credits Debit Credit Date General Journal Feb 26, 2017 Record entry Clear entry View general journal 3. Record the journal entry to reflect the (employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 4% for the company). (Do not round intermediate calculations. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's payroll expenses and liabilities for the eight days' work paid on February 26 Note: Enter debits before credits General Journal Debit Credit Date Feb 26, 2017 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. (Round your answers to the nearest whole dollar) View transaction list Journal entry worksheet Record the sales revenue of $2,810 on account to Wildcat Services together with 4% sales tax on every dollar of merchandise sold. Note: Enter debits before credits. Date General Journal Debit Credit Mar 25, 2017 Clear entry Record entry View general journal 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. (Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 Record the cost of goods sold of $2,032. Note: Enter debits before credits. Debit Date General Journal Credit Mar 25, 2017 Record entry Clear entry View general journal