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Need assistance journalizing transactions for March? CHAPTER L01.2 of the Accounting ON THE JOB SMITH COMPUTER CENTER Using the worksheet in Cha the ad lize

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CHAPTER L01.2 of the Accounting ON THE JOB SMITH COMPUTER CENTER Using the worksheet in Cha the ad lize and post Smith Computer Center, jou prepare the financial Mini Practice Set The Elegant Dress Shop Reviewing the Acco unting cycle for a Me Company This practice set will hel p you rchandise along review all the key concepts merchandise company, with the integration of payroll, including the preparation o Form 941 use you eeper fe Shop, have gathered the for owing information for you. It wi be your task to complete the March. The com uses the periodic inventory method. pany THE ELEGANT DREss saop POST ING TRIAL BALANCE Prepaid Rent 300000 Accumulated Depreciation, Truck 200000 FICA-OASDI Payable Medicare Payable SIT Payable SUTA Payable FUTA PN Unearned Rent B, Duval Capital Totals Balances in subsidiary ledgers as of March 1 are as follows: Accounts Receivable Accounts Payable $1,800 $2,000 Bach Co. Johnsons Co. Danmark Co. Manny's Garage Thomas Co. Payroll is paid monthly OASDI 6.2% on $117,000 FICA rate 1.45% on all eamings Medicare 4.8% on $7,000 SUTA rate 0.6% on $7,000 FUTA rate use the table provided at the end of this practice set

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