The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8:

Employee	Hours Worked	Hourly Rate	Weekly Salary	Federal Income Tax	Retirement Savings
Aaron	45	$62		$641.84	$115
Cobb	42	67		623.92	125
Clemente	49	68		835.88	135
DiMaggio	38	54		376.68	0
Griffey, Jr.	46	63		681.60	145
Mantle			$1,600	292.45	135
Robinson	38	56		418.40	145
Williams			1,900	370.24	140
Vaughn	46	63		702.60	40

Employees Mantle and Williams 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%, and Medicare tax is 1.5% of each employees annual earnings. The next payroll check to be used is No. 901.

Required:

1.

Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. 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.

1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. 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, 20Y8

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	Retirement Savings	Total	Net Pay	Ck. No.	Sales Salaries Expense	Office Salaries Expense
3	Aaron	45.00						$641.84	$115.00			#901
4	Cobb	42.00						623.92	125.00			#902
5	Clemente	49.00						835.88	135.00			#903
6	DiMaggio	38.00						376.68				#904
7	Griffey, Jr.	46.00						681.60	145.00			#905
8	Mantle							292.45	135.00			#906
9	Robinson	38.00						418.40	145.00			#907
10	Williams							370.24	140.00			#908
11	Vaughn	46.00						702.60	40.00			#909
12								$4,943.61	$980.00

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.

PAGE 1

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5
6
7