Required: 1. Compute the estimated premiums 2. Record in general journal form payment of the estimated premium on January 15,201. 3. On January 4,202, an audit of the firm's payroll records showed that it had actually paid wages of $57.960 to its office employees and wages of $303,320 to its shop employees. Compute the actual premlum for the year and the balance due the insurance 4. Prepare the general journal entry on December 31, 20x1, to adjust the Workers' Compensotion insurance Expense account. company or the credit due the firm. It all wages were attributable to shop employees. What premium estimate would have been calculated and recorded on January 15 , Analyze: 201? Complete this question by entering your answers in the tabs below. Prepare the general journal entry on December 31, 20x1, to adjust the Workers' Compensation Insurance Expense account. (Round your answers to 2 decimal places.)