The following data for Flexco Inc. relate to the payroll for the week ended December 9, 2016:

Employee	Hours Worked	Hourly Rate	Weekly Salary	Federal Income Tax	U.S. Savings Bonds
Carlton	52	$50.00		$667.00	$60
Grove			$4,000	860.00	100
Johnson	36	52.00		355.68	0
Koufax	45	58.00		578.55	44
Maddux	37	45.00		349.65	62
Seaver			3,200	768.00	120
Spahn	46	52.00		382.20	0
Winn	48	50.00		572.00	75
Young	43	54.00		480.60	80

Employees Grove and Seaver are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% of each employees annual earnings, and Medicare tax is 1.5% of each employees annual earnings. The next payroll check to be used is No. 328.

	Required:
1.	Prepare a payroll register for Flexco Inc. for the week ended December 9, 2016. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers and round your intermediate calculations and final answers to the nearest whole cent (two decimal places).
2.	Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. Refer to the Chart of Accounts for exact wording of account titles.

Chart of Accounts

CHART OF ACCOUNTS

Flexco Inc.

General Ledger

	ASSETS
110	Cash
111	Accounts Receivable
112	Interest Receivable
113	Notes Receivable
115	Merchandise Inventory
116	Supplies
118	Prepaid Insurance
120	Land
123	Building
124	Accumulated Depreciation-Building
125	Office Equipment
126	Accumulated Depreciation-Office Equipment

	LIABILITIES
210	Accounts Payable
213	Interest Payable
214	Notes Payable
215	Salaries Payable
216	Social Security Tax Payable
217	Medicare Tax Payable
218	Employees Federal Income Tax Payable
221	Bond Deductions Payable
224	Federal Unemployment Tax Payable
225	State Unemployment Tax Payable

	EQUITY
310	Owner, Capital
311	Owner, Drawing
312	Income Summary

	REVENUE
410	Sales
610	Interest Revenue

	EXPENSES
510	Cost of Merchandise Sold
520	Office Salaries Expense
521	Sales Salaries Expense
524	Depreciation Expense-Building
525	Delivery Expense
526	Repairs Expense
529	Selling Expenses
531	Rent Expense
532	Depreciation Expense-Office Equipment
533	Insurance Expense
534	Supplies Expense
535	Payroll Tax Expense
538	Cash Short and Over
539	Product Warranty Expense
540	Miscellaneous Expense
710	Interest Expense

Payroll Register

1. Prepare a payroll register for Flexco Inc. for the week ended December 9, 2016. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers and round your intermediate calculations and final answers to the nearest whole cent (two decimal places).

Payroll for Week Ending December 9, 2016

1			Earnings	Earnings	Earnings	Deductions	Deductions	Deductions	Deductions	Deductions	Paid	Paid	Account Debited	Account Debited
2	Employee	Total Hours	Regular	Overtime	Total	Social Security Tax	Medicare Tax	Federal Income Tax	U.S. Savings Bond	Total	Net Pay	Ck. No.	Sales Salaries Expense	Office Salaries Expense
3	Carlton	52.00						$667.00	$60.00			#328
4	Grove							860.00	100.00			#329
5	Johnson	36.00						355.68				#330
6	Koufax	45.00						578.55	44.00			#331
7	Maddux	37.00						349.65	62.00			#332
8	Seaver							768.00	120.00			#333
9	Spahn	46.00						382.20				#334
10	Winn	48.00						572.00	75.00			#335
11	Young	43.00						480.60	80.00			#336
12								$5,013.68	$541.00

Journal

2. Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

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