Instructions Chart of Accounts Payroll Register General Journal Instructions Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information available from time cards and employees'individual earnings records for the pay period ended October 14 is shown in the following chart: Earnings at End Daily Time Income Tax Name of Previous Week MTWTFS Pay Rate Allowances or Amount Bardin, J. 43,627.00 8 8 8 8 8 2 21.30 2 Caris, A 44,340.00 8 8 8 8 8 8 21.60 1 Drew, W. 43,845.00 8 10 10 8 8 0 21.50 1 Garen, S. 117,600.00 8 8 8 8 8 49.00 $227.83 North, O. 43,875.00 8 8 8 8 8 5 21.40 3 Ovid, N 40,150.00 8 8 8 8 8 0 21.50 1 Ross, J. 6,430.00 & 8 B 8 8 4 20.50 1 Springer, 44,175.00 B 8 8 8 8 3 21.25 2 eBook Calculator Ross, J. 6,430.00 8 8 8 8 8 4 20.50 Springer, O. 44,175.00 8 8 8 8 8 3 2125 2 Taxable earnings for Social Security are based on the first $115,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. "Round to the nearest penny. Required: 1. Complete the payroll register using the wago-bracket income tax withholding table in Egure 3. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1.45 percent. Assume that all employees are married. In the payroll register, begin payroll checks with No. 3946. 2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account 3. Assuming that the firm has transferred funds from its regular bank account to its special payroll bank account and that this entry has been made, prepare a general journal entry to record the payment of wages. takeAssignmentSessionLocator=&in QuickBooks Onlin... ok Calculator General Ledger ASSETS REVENUE 111 Cash 411 Sales 112 Cash-Payroll Bank Account 113 Accounts Receivable 115 Supplies 117 Prepaid Insurance EXPENSES 511.1 Wages Expense 513 Supplies Expense 514 Utilities Expense 622 Payroll Tax Expense 631 Miscellaneous Expenses 124 Equipment LIABILITIES 212 Accounts Payable 215 Wages Payable 216 Employees' Federal Income Tax Payable 217 FICA Social Security Tax Payable 218 FICA Medicare Tax Payable 219 State Unemployment Tax Payable 220 Federal Unemployment Tax Payable EQUITY 311 Alpine Company, Capital 312 Alpine Company, Drawing ck My Work Alpine Company Payroll Register For Week Ended October 14, 20- Taxable Name Total Hours Total Hours Beginning Cumulative Earnings Earnings Regular Earnings Overtime Earnings Total Ending Cumulative Earings Taxable Earnings Unemployment Taxable Earnings Social Security Me 2 Bardin, 3 Caris, 4 Drew, W. 5 Garen, 6 North, 7 Ovid, 8 Ross, I. 9 Springer, 1 Alpine Company Payroll Register For Week Ended October 14, 20 Ending umulative Earnings Taxable Earnings Unemployment Taxable Earnings Social Security Taxable Earnings Medicare Deductions Federal Income Tax Deductions Social Security Tax Deductions Medicare Tax Deductions Total Payments Net Amount Payments K. No I General Journal 2. Prepare a general joumal entry to record the payrol. The Arm's general ledger contains a Wages Expense account and a Wages Payable account 3. Assuming that the firm has transferred tunds from its regular bank account to its special payroll bank account and that this entry has been made, prepare a general journal entry to record the payment of wages. General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF DEBIT CREDIT 1 2 3 4 5 6
