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Following are some transactions and events of Business Solutions. February 26 The company paid cash to Lyn Addie for eight days' work at $125 per

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Following are some transactions and events of Business Solutions. February 26 The company paid cash to Lyn Addie for eight days' work at \$125 per day. March 25 The company sold merchandise with a \$2, 902 cost for $2,800 on credit to wildcat Services, invoice dated March 25. Required: 1. Assume that Lyn Addie Is an unmarrled employee. Her $1,000 of wages have deductions for FICA Soclal Security taxes, FICA Medicare taxes, and federal Income taxes. Her federal Income taxes for this pay perlod total $159. Compute her net pay for the eight days' work pald on February 26. 2. Record the journal entry to reflect the payroll payment to Lyn Addle as computed in part 1. 3. Record the journal entry to reflect the (employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addle has not met earnings IImits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 5.4% for the company). 4. Record the entries for the merchandise sold on March 25 If a 4% sales tax rate applies. Complete this question by entering your answers in the tabs below. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. Journal entry worksheet Record the sales revenue of $2,800 on account to Wildcat Services together with 4% sales tax on every dollar of merchandise sold. Note: Enter debits before credits

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