Payroll summary

The following data for Flexco Inc. relate to the payroll for the week ended December 9:

Employee	Hours Worked	Hourly Rate	Weekly Salary	Federal Income Tax	U.S. Savings Bonds
Carlton	52	$50.00		$667.00	$60
Grove			$4,000	860.00	100
Johnson	36	52.00		355.68	0
Koufax	45	58.00		578.55	44
Maddux	37	45.00		349.65	62
Seaver			3,200	768.00	120
Spahn	46	52.00		382.20	0
Winn	48	50.00		572.00	75
Young	43	54.00		480.60	80

Employees Grove and Seaver are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% of each employees annual earnings, and Medicare tax is 1.5% of each employees annual earnings. The next payroll check to be used is No. 328.

Required:

Question Content Area

1. Prepare a payroll summary for Flexco Inc. for the week ended December 9. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round intermediate calculations and final answers to two decimal places.

Payroll for Week Ending December 9

Employee	Total Hours	EARNINGS Regular	EARNINGS Overtime	EARNINGS Total	DEDUCTIONS Social Security Tax	DEDUCTIONS Medicare Tax	DEDUCTIONS Federal Income Tax	DEDUCTIONS U.S. Savings Bonds	Total	PAID Net Pay	PAID Ck. No.	ACCOUNTS DEBITED Sales Salaries Expense	ACCOUNTS DEBITED Office Salaries Expense
Carlton	52						$667.00	$60.00			328
Grove							860.00	100.00			329
Johnson	36						355.68				330
Koufax	45						578.55	44.00			331
Maddux	37						349.65	62.00			332
Seaver							768.00	120.00			333
Spahn	46						382.20				334
Winn	48						572.00	75.00			335
Young	43						480.60	80.00			336
Totals

Question Content Area

2. Journalize the entry to record the payroll for the week. If an amount box does not require an entry, leave it blank. When required, round your answers to two decimal places.

blank	Account	Debit	Credit
blank	Medicare Tax ExpenseSalaries PayableSales Salaries ExpenseSocial Security Tax PayableU.S. Savings Bond Deductions Payable
	Medicare Tax ExpenseOffice Salaries ExpenseSalaries PayableSocial Security Tax PayableU.S. Savings Bond Deductions Payable
	CashOffice Salaries ExpenseSales Salaries ExpenseSocial Security Tax ExpenseSocial Security Tax Payable
	CashMedicare Tax ExpenseMedicare Tax PayableOffice Salaries ExpenseSales Salaries Expense
	CashEmployees Federal Income Tax ExpenseEmployees Federal Income Tax PayableOffice Salaries ExpenseSales Salaries Expense
	CashOffice Salaries ExpenseSales Salaries ExpenseU.S. Savings Bond Deductions ExpenseU.S. Savings Bond Deductions Payable
	Accounts ReceivableCashOffice Salaries ExpenseSalaries PayableSales Salaries Expense