Instructions In the following summary of data for a payroll period, some amounts have been intentionally omitted Earnings: 1. At regular rate 2. At overtime rate $80,000 3. Total earnings Deductions 4. Social security tax 5. Medicare tax 32,400 8,100 135,000 18,900 6. Income tax withheld 7. Medical insurance 8. Union dues 9. Total deductions 201.150 338 850 10. Net amount paid Accounts debited: 11. Factory Wages 285.000 Check My Work 3. Mudele 8,100 6. Income tax withheld 135,000 7. Medical insurance 18,900 8. Union dues 9. Total deductions 201,150 338,850 10. Net amount paid Accounts debited 285,000 11. Factory Wages 12. Sales Salaries 13. Office Salaries 120,000 Required: A. Calculate the amounts omitted in lines (1). (3), (8), and (12) Assume that the social secunty tax rate was 60% and the Medicare tax rate was 1.596 B. Journalize the entry to record the payrol accrual C. Journalize the entry to record the payment of the payroll *Refer to the Chart of Accounts for exact wording of account des meck My Work CHART OF ACCOUNTS General Ledger REVENUE 410 Sales 610 Interest Revenue 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 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 126 Accumulated Danreciation Office Fumant 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 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