The Havelock Company is a retail company that began operations on October 1, 2018, when it incorporated in the state of North Carolina. The Havelock Company is authorized to issue 250,000 shares of $1 par value common stock and 70,000 shares of 8%, S40 par value preferred stock. The company sells a product that includes a one-year warranty and records estimated warranty payable each month. Customers are charged a 7% state sales tax. The company uses a perpetual inventory system. There are three employees that are paid a monthly salary on the last day of the month. Following is the chart of accounts for The Havelock Company. As a new business, all beginning balances are $0 (Click the icon to view the chart of accounts.) The Havelock Company completed the following transactions during the last quarter of 2018, its first year of operations 0 (Click the icon to view the transactions.) Read the requirements. Begin by preparing the payroll register for October Round all amounts to the nearest cent. Complete all answer boxes. Enter a "O for any zero balances. Abbreviations used: Beg. Cumulative, Earn. = Earnings. Med= Medicare; Ins. = Insurance: With. Withholdings.) Beginning; Cum Withholdings Beg. Cum Earn Earnings Current Period Earnings Ending Cum Earn Income Health Total Net Pay Employee ackson Spark Mcarthy OASDI Ins With 0.00 $ 6,400.00 $ 6,400.00|$ 396.80 92.80 $ 1.920.00 $ 125.00 $ 2,534.80|$ 3,865.40 85.25 44.95 0.0014,000.00 14,000.00| $ 868.00 203.003,285.00 $ 375.00 4,731.00| $ 9.269.00 0.00 4,500.00 4,500.00 279.00 900.00 25.00 ,369.25 3.130.75 0.00 3,100.00 3.100.00 192.20 465.00 125.00 827.15 2,272.85 Next, prepare the payroll register for November Withholdings Beg. Cum. Earn Earnings Current Period Earnings Ending Cum Earn Income Health Total Net Employee OASDI Tax Ins. With Pay Spark Mcarthy The Havelock Company is a retail company that began operations on October 1, 2018, when it incorporated in the state of North Carolina. The Havelock Company is authorized to issue 250,000 shares of $1 par value common stock and 70,000 shares of 8%, S40 par value preferred stock. The company sells a product that includes a one-year warranty and records estimated warranty payable each month. Customers are charged a 7% state sales tax. The company uses a perpetual inventory system. There are three employees that are paid a monthly salary on the last day of the month. Following is the chart of accounts for The Havelock Company. As a new business, all beginning balances are $0 (Click the icon to view the chart of accounts.) The Havelock Company completed the following transactions during the last quarter of 2018, its first year of operations 0 (Click the icon to view the transactions.) Read the requirements. Begin by preparing the payroll register for October Round all amounts to the nearest cent. Complete all answer boxes. Enter a "O for any zero balances. Abbreviations used: Beg. Cumulative, Earn. = Earnings. Med= Medicare; Ins. = Insurance: With. Withholdings.) Beginning; Cum Withholdings Beg. Cum Earn Earnings Current Period Earnings Ending Cum Earn Income Health Total Net Pay Employee ackson Spark Mcarthy OASDI Ins With 0.00 $ 6,400.00 $ 6,400.00|$ 396.80 92.80 $ 1.920.00 $ 125.00 $ 2,534.80|$ 3,865.40 85.25 44.95 0.0014,000.00 14,000.00| $ 868.00 203.003,285.00 $ 375.00 4,731.00| $ 9.269.00 0.00 4,500.00 4,500.00 279.00 900.00 25.00 ,369.25 3.130.75 0.00 3,100.00 3.100.00 192.20 465.00 125.00 827.15 2,272.85 Next, prepare the payroll register for November Withholdings Beg. Cum. Earn Earnings Current Period Earnings Ending Cum Earn Income Health Total Net Employee OASDI Tax Ins. With Pay Spark Mcarthy
