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Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate ?
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Summary Payroll Data
In the following summary of data for a payroll period, some amounts have been intentionally omitted:
Earnings: 1. At regular rate ? 2. At overtime rate $63,700 3. Total earnings ? Deductions: 4. Social security tax 25,500 5. Medicare tax 6,375 6. Income tax withheld 108,300 7. Medical insurance 14,700 8. Union dues ? 9. Total deductions 157,000 10. Net amount paid 268,000 Accounts debited: 11. Factory Wages 225,300 12. Sales Salaries ? 13. Office Salaries 85,000 a. Calculate the amounts omitted in lines (1), (3), (8), and (12).
(1) $ (3) $ (8) $ (12) $ b. Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank.
c. Journalize the entry to record the payment of the payroll.
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