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 Aaron 46 $68 Cobb 41 Clemente 48 DiMaggio 35 Griffey, Jr. 45 8 $ Federal Income Tax $750.20 Retirement Savings $105 62 537.68 115 70 836.44 125 56 366.04 0 62 641.84 135 Mantle $1,800 342.45 125 Robinson 36 54 382.56 135 Williams 2,000 398.24 130 Vaughn 42 62 584.72 70 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 employee's 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. Round your intermediate calculations and final answers to two decimal places. 2. Journalize the entry to record the payroll for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. If required, round your answers to two decimal places. Payroll for Week Ending December 9, 20Y8 Deductions 1 Earnings Earnings Earnings Withheld Deductions Withheld Deductions Withheld Social Security Federal Income 2 Employee Total Hours Regular Overtime Total Medicare Tax Tax Tax Deductions Withheld Retirement Savings Deductions Withheld Paid Paid Accounts Debited Accounts Debite Total Net Pay Ck. No. Sales Salaries Expense Office Salaries Expense 3 Aaron 46.00 2,720.00 612.00 $750.20 $105.00 901.00 4 Cobb 41.00 2,480.00 93.00 537.68 115.00 902.00 5 Clemente 48.00 28,000.00 836.44 125.00 903.00 6 DiMaggio 35.00 1,960.00 366.04 904.00 7 Griffey, Jr. 45.00 2,480.00 641.84 135.00 905.00 8 Mantle 1,800.00 342.45 125.00 906.00 9 Robinson 36.00 1,944.00 382.56 135.00 907.00 10 10 Williams 2,000.00 398.24 130.00 908.00 == 11 Vaughn 42.00 2,480.00 584.72 70.00 909.00 12 Totals $4,840.17 $940.00 2. Journalize the entry to record the payroll for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. If required, round your answers to two decimal places. DATE DESCRIPTION 1 2 3 4 5 6 7 JOURNAL PAGE 1 ACCOUNTING EQUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY