Stark Company has five employees. Employees paid by the hour earn $12 per hour for the regular 40-hour workweek and $18 per hour beyond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. The company has a benefits plan that includes medical insurance, life insurance, and retirement funding for employees. Under this plan, employees must contribute 5% of their gross income as a payroll withholding, which the company matches with double the amount. Following is the partially completed payroll register for the biweekly period ending August 31, which is the last payday of August. a. Complete this payroll register by filling in all cells for the pay period ended August 31. Prepare the August 31 journal entry to: b. Record the accrued biweekly payroll and related liabilities for deductions. c. Record the employers cash payment of the net payroll of part b. d. Record the employers payroll taxes including the contribution to the benefits plan. e. Pay all liabilities (except for the net payroll in part c) for this biweekly period.

Req Req B to E Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places. Do not round your intermediate calculations.) Current-Period Gross Pay FIT Withholding FUTA Cumulative Pay Employee (Excludes Current Period) Employee Net Pay (Current Period) Pay Type Pay Hours FICA FICA S.S. Medicare Employee Plan Employee Employee Withholding FICA FICA S.S. Medicare Employer Plan Employer Employer Expense $ 2,400.00 $ 0.00 $ 310.00 SIT Withholding Gross Pay SUTA $ 2,400.00 $ 0.60 Kathleen $ 134,700.00 Salary $ 8,000.00 $ 116.00 350.00 5.40 220.00 74.00 Anthony 5,800.00 Salary 1,480.00 60.00 148.00 Regular 80 960.00 110.00 Nichole 16,900.00 Overtime 8 144.00 30.00 80 960.00 150.00 Zoey 6,750.00 Regular Overtime 126.00 40.00 7 40 480.00 50.00 Gracie 5,350.00 Regular Overtime 10.00 $ 2,930.00 $ 0.60 $ 2,400.00 $ 0.00 $ 384.00 Totals $ 169,500.00 $ 116.00 490.00 5.40 0.00 0.00 148.00 Req A Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places. Do not round your intermediate calculations.) b. Record the accrued biweekly payroll and related liabilities for deductions. c. Record the employer's cash payment of the net payroll of part b. d. Record the employer's payroll taxes including the contribution to the benefits plan. e. Pay all liabilities (except for the net payroll in part c) for this biweekly period. Show View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 August 31 Salaries (or Wages) expense FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee benefits plan payable Salaries (or Wages) payable 2 August 31 Salaries (or Wages) payable Cash 3 August 31 Payroll taxes expense FICA-Social security taxes payable FICA-Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable 4 August 31 Employee benefits expense Employee benefits plan payable 5 August 31 FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee benefits plan payable Federal unemployment taxes payable State unemployment taxes payable Cash