Stark Company has five employees. Employees paid by the hour earn $14 per hour for the regular 40-hour workweek and $19 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 $128,400 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. b, c, d & e. 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.

Rega Req B to E FUTA Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places.) FIT FICA Current Period Gross Pay FICA S.S. Medicare Employee Plan Cumulative Pay Withholding Employee Employee Employee (Excludes Withholding Employee Current Period) FICA Pay Type SIT Pay Gross Pay FICA S.S. Net Pay Employer Plan SUTA Medicare Hours Withholding Employer Employer Expense $ 3,100.00 Kathleen S 127,450.00 Salary $ 7,000.00 740.00 124.00 76.00 Anthony 6,000.00 Salary 1,520.00 42.00 152.00 Regular 154.00 Nichole 17,300.00 Overtime 11 47.00 Regular 80 144.00 Zoey 6,500.00 Overtime 7 44.00 Regular 70 980.00 134.00 Gracie 5,050.00 Overtime 43.00 $ 3,656.00 $ 0.00 $ 0.00 $ 0.00 $ 76.00 Totals $ 162,300.00 $ 0.00 916.00 0.00 0.00 0.00 152.00 30 Rega Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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 less View transaction list Journal entry worksheet Reg A Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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 less View transaction list Journal entry worksheet Record the employer's payroll tax expense related to the August 31 payroll. Note: Enter debits before credits. Date General Journal Debit Credit Aug 31 Req A Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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. View transaction list Journal entry worksheet 1 2 4 3 5 > Record the employee's benefit expense related to the August 31 payroll. Note: Enter debits before credits. General Journal Debit Credit Date Aug 31 Reg A Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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. s View transaction list Journal entry worksheet Record the August 31 journal entry to pay all liabilities (except net payroll in part c) for this biweekly period. Note: Enter debits before credits. Date General Journal Debit Credit Aug 31 Rega Req B to E FUTA Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places.) FIT FICA Current Period Gross Pay FICA S.S. Medicare Employee Plan Cumulative Pay Withholding Employee Employee Employee (Excludes Withholding Employee Current Period) FICA Pay Type SIT Pay Gross Pay FICA S.S. Net Pay Employer Plan SUTA Medicare Hours Withholding Employer Employer Expense $ 3,100.00 Kathleen S 127,450.00 Salary $ 7,000.00 740.00 124.00 76.00 Anthony 6,000.00 Salary 1,520.00 42.00 152.00 Regular 154.00 Nichole 17,300.00 Overtime 11 47.00 Regular 80 144.00 Zoey 6,500.00 Overtime 7 44.00 Regular 70 980.00 134.00 Gracie 5,050.00 Overtime 43.00 $ 3,656.00 $ 0.00 $ 0.00 $ 0.00 $ 76.00 Totals $ 162,300.00 $ 0.00 916.00 0.00 0.00 0.00 152.00 30 Rega Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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 less View transaction list Journal entry worksheet Reg A Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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 less View transaction list Journal entry worksheet Record the employer's payroll tax expense related to the August 31 payroll. Note: Enter debits before credits. Date General Journal Debit Credit Aug 31 Req A Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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. View transaction list Journal entry worksheet 1 2 4 3 5 > Record the employee's benefit expense related to the August 31 payroll. Note: Enter debits before credits. General Journal Debit Credit Date Aug 31 Reg A Req B to E Prepare the August 31 journal entry to: (Round your answers to 2 decimal places.) 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. s View transaction list Journal entry worksheet Record the August 31 journal entry to pay all liabilities (except net payroll in part c) for this biweekly period. Note: Enter debits before credits. Date General Journal Debit Credit Aug 31