Instructions Assume that the social security tax rate is 6% and the Medicare tax rate is 1.5%. In the following summary of data for a payroll period, some amounts have been intentionally omitted Earnings: 2 1. Al regular rate 2. At overtime rate $89.000 2 3. Total earnings Deductions: 4. Social security tax 35,280 3.820 5. Medicare tax 128,000 6. Federal income tax withheld 7. Medical insurance 20.580 8. Union dues ? 9. Total deductions 190,180 380,820 10. Not amount paid Accounts debited: 11. Factory Wages 12. Sales Solares 13. Office Salarios 271.000 7 115.000 Required: a. Determine the amounts omitted in Nines(0). (3). () and (12) b. On December 19. joumaline the entry to record the payro accrual Previous Next > Check My Work Song For Greg Emain All work saved debited: 271,000 11. Factory Wages 12. Sales Salaries 13. Office Salaries ? 115,000 Required: a. Determine the amounts omitted in lines (1), (3), (8), and (12) b. On December 19, journalize the entry to record the payroll accrual." c. On December 20. journalize the entry to record the payment of the payroll *Refer to the chart of accounts for the exact wording of the account hitles. CNOW Journals do not user lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 111 Accounts Receivable Interest Receivable 410 Sales 610 Interest Revenue EXPENSES 113 Notes Recolvable 115 Merchandise Inventory 510 Cost of Merchandise Sold K9 Eat Wonen Previous Check My Work 115 Merchandise Inventory 116 Supplies 118 Prepaid Insurance 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 126 Accumulated Depreciation Office Equipment 510 Cost of Merchandise 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 LIABILITIES 210 Accounts Payable 213 Interest Payable 214 Notes Payable 215 Salarios Payable 216 Social Security Tax Payable 217 Medicare Tax Payable 218 Employees Federal 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 Untunded Pension Liability 228 Product Warranty Payable 229 EPA Fines Payable 538 Cash Short and Over 539 Product Warranty Expense 540 Damage Awards and Fines 541 Miscellaneous Expense 710 Interest Expense Cen 230 Litigation Claims Payable EQUITY 310 Owner, Capital 311 Owner, Drawing First Question a. Determine the amounts omitted in lines (1), (3), (8), and (12). (1) (3) (8) S (12) Journal b. On December 19. journalize the entry to record the payroll accrual c. On December 20, Journalize the entry to record the payment of the payroll." *Refer to the chart of accounts for the exact wording of the account bies. CNOW journals do not use Ines for journal explanation Ewy he on a journal page is used for debitor credit entries. CNOW journals will automatically inde acreditentry where a credit amount is entered Journal b. On December 19, journalize the entry to record the payroll accrua. c. On December 20, Journalize the entry to record the payment of the payroll *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every in on a journal page is used for debit or credit ontros. CNOW Journals will automatically indent a credit entry when a credit amount is entered NE 11 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REK DEAT CREDIT AISETS GERTY 2 3 3 6 7 10 11 Previous Next Chwork