In the following summary of data for a payroll period, some amounts have been intentionally omitted:

Required:

A.

Calculate the amounts omitted in lines (1), (3), (8), and (12). Assume that the social security tax rate was 6.0% and the Medicare tax rate was 1.5%.

B.

Journalize the entry to record the payroll accrual.*

C.

Journalize the entry to record the payment of the payroll.*

* Refer to the Chart of Accounts for exact wording of account titles.

Earnings:
1. At regular rate	?
2. At overtime rate	$88,000
3. Total earnings	?
Deductions:
4. Social security tax	35,280
5. Medicare tax	8,820
6. Income tax withheld	128,000
7. Medical insurance	20,580
8. Union dues	?
9. Total deductions	199,180
10. Net amount paid	388,820
Accounts debited:
11. Factory Wages	271,000
12. Sales Salaries	?
13. Office Salaries	115,000

CHART OF ACCOUNTS

General Ledger

	ASSETS
110	Cash
111	Accounts Receivable
112	Interest Receivable
113	Notes Receivable
115	Inventory
116	Supplies
118	Prepaid Insurance
120	Land
123	Building
124	Accumulated Depreciation-Building
125	Office Equipment
126	Accumulated Depreciation-Office Equipment

	LIABILITIES
210	Accounts Payable
213	Interest Payable
214	Notes Payable
215	Salaries Payable
216	Social Security Tax Payable
217	Medicare Tax Payable
218	Employees Income Tax Payable
221	Medical Insurance Payable
222	Union Dues Payable
224	Federal Unemployment Tax Payable
225	State Unemployment Tax Payable
226	Vacation Pay Payable
227	Unfunded Pension Liability
228	Product Warranty Payable
229	EPA Fines Payable
230	Litigation Claims Payable

	EQUITY
310	Common Stock
311	Retained Earnings
312	Dividends
313	Income Summary

	REVENUE
410	Sales
610	Interest Revenue

EXPENSES
510	Cost of Goods Sold
520	Factory Wages Expense
521	Sales Salaries Expense
522	Office Salaries Expense
524	Depreciation Expense-Building
525	Delivery Expense
526	Repairs Expense
529	Selling Expenses
531	Rent Expense
532	Depreciation Expense-Office Equipment
533	Insurance Expense
534	Supplies Expense
535	Payroll Tax Expense
536	Vacation Pay Expense
537	Pension Expense
538	Cash Short and Over
539	Product Warranty Expense
540	Damage Awards and Fines
541	Miscellaneous Expense
710	Interest Expense