Serial Problem Busines s Solutions LO P2, P3, C2 Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days' work at $125 per day. Mar. 25 The company sold merchandise with a $2,ee2 cost for $2,800 on credit to Wildcat Services, invoice dated March 2s. Required: 1. Assume that Lyn Addle is an unmarnied employee. Her $1,000 of wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay perlod total $159. Compute her net pay for the eight days' work pald on February 26. (Round your answer to 2 declmal places. Do not round Intermedlate calculations) 2. Record the journal entry to refect the payroll payment to Lyn Addie as computed in part 1. (Round your answers to 2 declmal places. Do not round Intermediate calculetions.) Next> K Pre 6 of 16 Record the payroll expenses and liabilities for the eight days' work paid on rua Note Enter debits before credits. Deb Feb 26, 2018 Clear entry od View transaction list Record the employer's payroll expenses and liabilities for the eight days' work paid on February 26. Date Generalournal Feb 26, 2018 tor the the Record the sales revenue of $2,800 on account to Wildcat Services together with 4% sales tax on every dollar of merchandise sold. Clear enibry Serial Problem Busines s Solutions LO P2, P3, C2 Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days' work at $125 per day. Mar. 25 The company sold merchandise with a $2,ee2 cost for $2,800 on credit to Wildcat Services, invoice dated March 2s. Required: 1. Assume that Lyn Addle is an unmarnied employee. Her $1,000 of wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay perlod total $159. Compute her net pay for the eight days' work pald on February 26. (Round your answer to 2 declmal places. Do not round Intermedlate calculations) 2. Record the journal entry to refect the payroll payment to Lyn Addie as computed in part 1. (Round your answers to 2 declmal places. Do not round Intermediate calculetions.) Next> K Pre 6 of 16 Record the payroll expenses and liabilities for the eight days' work paid on rua Note Enter debits before credits. Deb Feb 26, 2018 Clear entry od View transaction list Record the employer's payroll expenses and liabilities for the eight days' work paid on February 26. Date Generalournal Feb 26, 2018 tor the the Record the sales revenue of $2,800 on account to Wildcat Services together with 4% sales tax on every dollar of merchandise sold. Clear enibry