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Help with Mastery problem. I need 1,2, and 3 done. WRITE NEATLY Cr Cash: $4,323.83 CLGL Name Berling, James Merz, Linda Goetz, Ken Menick, Judd

Help with Mastery problem. I need 1,2, and 3 done. WRITE NEATLY image text in transcribed
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Cr Cash: $4,323.83 CLGL Name Berling, James Merz, Linda Goetz, Ken Menick, Judd Morales, Eva Heim brock, Jacob Townsley, Sarah Salzman, Beth Layton, Esther Thompson, David Vadillo, Carmen MASTERY PROBLEM Abigail Trenkamp owns and opera the Trenkamp Collection Agency. Listed below. are the name, number of allowances claimed, marital status, information from rked each day, and the hourly rate of each employee. All card s on he xcess of hours for Monday through Friday are paid at 1 times the kend are the regular rate. regular rate. All wee weekly federal income tax withholding table (see Figure 8-4 pages 288 and 289). Social Security tax is withheld at the rate of 6.2% for the fir $118,500 earned. Medicare tax is withheld at 1.45% and state income tax at 3.5% Each employee has $5 withheld for health insurance. All employees use payroll deduc. tion to the credit union for varying amounts as listed. Trenkamp Collection Agency Payroll Information for the Week Ended November 18, 20- Total Credit Employee No of Marital Regular Hours Worked Hourly Union Earnings All Status S S M T w T F Deposit No. Rate 24,525 $149.60 2 2 9 8 89 10 $12 117.00 0 0 8 8 8 8 10 15 21,500 91.30 0 0 6 7 8 9 10 126.50 22,625 0 0 8 8 9 24,730 117.05 0 0 8 8 8 6 8 13 117,540 154.25 8 8 8 8 8 21,425 83.05 4 0 6 6 6 6 4 130.00 6,635 88.00 5,635 6 2 8 8 6 6 6 0 0 83 8 8 8 8 128.90 21,635 139.11 24,115 0 2 109 7 7 10 11 8 0 4 8 8 8 9 13 The Trenkamp Collection Agency follows the practice of drawing a single check for the net amount of the payroll and depositing the check in a special payroll account at the bank. Individual checks issued were numbered consecutively, beginning with No. 331 REQUIRED 1. Prepare a payroll register for Trenkamp Collection Agency for the week ended November 18, 20- (In the Taxable Unemployment Compensation column, enter $365 for Salzman and $440 for Layton. Leave this column blank for all other employees. Total the amount columns, verify the totals, and rule with single and double lines 2. Assuming that the wages for the week ended November 18 were paid on November 21, prepare the journal entry for the payment of this payroll

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