Please Help me! This is for one of my online construction classes. We are not given any notes and I have no idea where to even begin on this question. (The 2-1 figure listed, is the chart of codes-uploaded last.)

Construction Accounting & Financial Management, 3/e 2/26/17, 11:35 AM PRINTED BY: emaass17@yahoo.com. Printin is for personal. private use only. No part of this book may be reproduccd transmitted without publishers prior permission. Violators will be prosccuted or Accounting Transactions 49 Table 3-1 Employee Costs and Employee (S Total Employer's Costs 600,00 350,00 500.00 37.20 24.80 470 Medicare 8,70 5.08 7.25 SUTA 6.00 12.00 0.50 5.00 FUTA 4.80 3.20 2.80 4.00 4.80 Liability Insurance 2.00 6.000 7.00 0.00 37.00 Workers' Comp. 38.00 31.50 Health Insurance 40.00 40.00 60.00 Vacation 38,92 29.79 27.5 33.20 B13.62 559.59 496.09 655.45 2,524,75 Employee Deductions Social Security 37.20 31.00 4.70 8.70 5.80 7.25 Federal Withholdings 29.85 56,90 State Withholdings 24.00 21.00 30.00 Health Insurance 60.00 60,00 44.45 30.13 173.10 649.43 5. Using the chart of accounts in Figure 2 determine 20. ABC Framing has been hired to frame a light commer- the changes to the balance sheet, income statement, job cial building. The project began on July 2 and was com cost ledger, and equipment ledger as the result of leas pleted onAugust9 The following is a list of accounting ing a S55,000 dump truck (Dump Truck transactions associated with the project. For each tran extends for five years, at which time the dump truck action, determine the changes that occur on the balance may be purchased for $5,000. The present value of the sheet, income statement, and job cost ledger as a result lease is $55,000. of that transaction and the year-to-date totalsby general ledger account and job cost code. The company uses the 6. Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job chart of accounts in Figure 2-1. The general contractor doesn't withhold retention. cost ledger, and equipment ledger as the result of pay- Aia costs are billed to iob Costcode 1005.06 10 The ing a $1,312 loan payment and a si,050 capital lease payment. For the loan, s27o of the payment is interes appropriate cost type Mill, or E) needs to be added to the job cost code. The company rents its equipment and and for the capital lease s692 of the payment is used to the equipment is illed direaly io the job cosi reduce the capital lease payable. therefore, they do not keep an equipment ledger 7. Using the chart of accounts in Figure 2. determine the After you have entered all of the transactions, plut changes to the balance sheet, income statement, job cost the daily balance of the 110 cash account and profit fo edger, and equipment ledger as the result of recording the project. S2,500 in office depreciation, $1,920 in depreciation for a. On loader 3, and S917 in amortization on the capital lease the time car ds were entered into for Dump Truck accounting system. The following co were recorded: wages due to employees, $4,299.52 18. Using the chart of accounts in Figure 2-1, determine social security S602.88 Medieare, SI42.08, SUTA, the changes to the balance sheet, income statement, job $26816: FUTAN $576; workerst compensation edger, and equipment ledger as the result ofbiling S600 for Truck 22 to job cost code 302.01.01 100E and health insurance, $288.00, $50 for personal use ofTruck 22 to the superintendent on July 13 the employees were paid for the time of Job 302. entered into the accounting system on July ll 19. Using the chart of accounts in Figure2-1, determine the c. On July 18 the time cards were entered into the changes to the balance sheet, income statement, job cost accounting system. The following costs were ledger, and equipment ledger as the result ofbilling S200 recorded: wages due to employees, $5,374.40 of nails from inventory to job cost code 302.01.06110M. social security, $753.60; Medicare, si 77.60; SUTA, https: gsaw vital source.co m/api/v0Moooks/9780133072921/print? 498to-50 age Construction Accounting & Financial Management, 3/e 2/26/17, 11:35 AM PRINTED BY: emaass17@yahoo.com. Printin is for personal. private use only. No part of this book may be reproduccd transmitted without publishers prior permission. Violators will be prosccuted or Accounting Transactions 49 Table 3-1 Employee Costs and Employee (S Total Employer's Costs 600,00 350,00 500.00 37.20 24.80 470 Medicare 8,70 5.08 7.25 SUTA 6.00 12.00 0.50 5.00 FUTA 4.80 3.20 2.80 4.00 4.80 Liability Insurance 2.00 6.000 7.00 0.00 37.00 Workers' Comp. 38.00 31.50 Health Insurance 40.00 40.00 60.00 Vacation 38,92 29.79 27.5 33.20 B13.62 559.59 496.09 655.45 2,524,75 Employee Deductions Social Security 37.20 31.00 4.70 8.70 5.80 7.25 Federal Withholdings 29.85 56,90 State Withholdings 24.00 21.00 30.00 Health Insurance 60.00 60,00 44.45 30.13 173.10 649.43 5. Using the chart of accounts in Figure 2 determine 20. ABC Framing has been hired to frame a light commer- the changes to the balance sheet, income statement, job cial building. The project began on July 2 and was com cost ledger, and equipment ledger as the result of leas pleted onAugust9 The following is a list of accounting ing a S55,000 dump truck (Dump Truck transactions associated with the project. For each tran extends for five years, at which time the dump truck action, determine the changes that occur on the balance may be purchased for $5,000. The present value of the sheet, income statement, and job cost ledger as a result lease is $55,000. of that transaction and the year-to-date totalsby general ledger account and job cost code. The company uses the 6. Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job chart of accounts in Figure 2-1. The general contractor doesn't withhold retention. cost ledger, and equipment ledger as the result of pay- Aia costs are billed to iob Costcode 1005.06 10 The ing a $1,312 loan payment and a si,050 capital lease payment. For the loan, s27o of the payment is interes appropriate cost type Mill, or E) needs to be added to the job cost code. The company rents its equipment and and for the capital lease s692 of the payment is used to the equipment is illed direaly io the job cosi reduce the capital lease payable. therefore, they do not keep an equipment ledger 7. Using the chart of accounts in Figure 2. determine the After you have entered all of the transactions, plut changes to the balance sheet, income statement, job cost the daily balance of the 110 cash account and profit fo edger, and equipment ledger as the result of recording the project. S2,500 in office depreciation, $1,920 in depreciation for a. On loader 3, and S917 in amortization on the capital lease the time car ds were entered into for Dump Truck accounting system. The following co were recorded: wages due to employees, $4,299.52 18. Using the chart of accounts in Figure 2-1, determine social security S602.88 Medieare, SI42.08, SUTA, the changes to the balance sheet, income statement, job $26816: FUTAN $576; workerst compensation edger, and equipment ledger as the result ofbiling S600 for Truck 22 to job cost code 302.01.01 100E and health insurance, $288.00, $50 for personal use ofTruck 22 to the superintendent on July 13 the employees were paid for the time of Job 302. entered into the accounting system on July ll 19. Using the chart of accounts in Figure2-1, determine the c. On July 18 the time cards were entered into the changes to the balance sheet, income statement, job cost accounting system. The following costs were ledger, and equipment ledger as the result ofbilling S200 recorded: wages due to employees, $5,374.40 of nails from inventory to job cost code 302.01.06110M. social security, $753.60; Medicare, si 77.60; SUTA, https: gsaw vital source.co m/api/v0Moooks/9780133072921/print? 498to-50 age