P3-7 LOZ Payroll work sheet and journal entries The payroll records of XU Corporation for the week ending October 7, the fortieth week in the year, show the following: LO3 Salary or Income Gross Earnings Wage per Hours Tax through 40-Hour Week Worked Withheld Thirty-Ninth Week $2,489 40 S488 $109,560 2,238 40 402 99,500 700 40 180 Employee Classification Allen President Devine Vice President- Administration Fiorelli Supervisor Production O'Clock Factory - Direct O'Reilly Factory-Direct Pawlukiewicz Factory - Direct Surdick Factory-Direct Trebbi Factory - Indirect Webb Factory-Indirect 48 150 27,300 19,820 17,200 16,600 46 160 44 110 500 400 400 380 300 300 42 120 42 80 15,200 7,800 6,600 42 60 Chapter 3 - Accounting for Labor 165 1. Prepare an employee earnings record for each of the five employees. 2. Prepare a payroll record for each of the four weeks. 3. Prepare a labor cost summary for the month. 4. Prepare journal entries to record the following: a. The payroll for each of the four weeks. b. The payment of wages for each of the four payrolls. C. The distribution of the monthly labor costs per the labor cost summary. d. The company's payroll taxes covering the four payroll periods. P3-7 LOZ Payroll work sheet and journal entries The payroll records of XU Corporation for the week ending October 7, the fortieth week in the year, show the following: LO3 Salary or Income Gross Earnings Wage per Hours Tax through 40-Hour Week Worked Withheld Thirty-Ninth Week $2,489 40 S488 $109,560 2,238 40 402 99,500 700 40 180 Employee Classification Allen President Devine Vice President- Administration Fiorelli Supervisor Production O'Clock Factory - Direct O'Reilly Factory-Direct Pawlukiewicz Factory - Direct Surdick Factory-Direct Trebbi Factory - Indirect Webb Factory-Indirect 48 150 27,300 19,820 17,200 16,600 46 160 44 110 500 400 400 380 300 300 42 120 42 80 15,200 7,800 6,600 42 60 Chapter 3 - Accounting for Labor 165 1. Prepare an employee earnings record for each of the five employees. 2. Prepare a payroll record for each of the four weeks. 3. Prepare a labor cost summary for the month. 4. Prepare journal entries to record the following: a. The payroll for each of the four weeks. b. The payment of wages for each of the four payrolls. C. The distribution of the monthly labor costs per the labor cost summary. d. The company's payroll taxes covering the four payroll periods