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This is all one question Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight

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Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days work at $138 per day. Mar. 25 The company sold merchandise with a $2,200 cost for $3,300 on credit to Kildcat Services, Invoice dated March 25. Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,040 of wages have deductions for FICA Social Securty taxes, FICA Medicare taxes, and federal Income taxes. Her federal Income taxes for this pay period total $104. Compute her net pay for the elght days' work pald on February 26. 2. Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part 1 3. Record the journal entry to reflect the employer payroll tax expenses for the February 26 payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 5.4% for the company) 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Assume that Lyn Addie is an unmarried employee. Her $1,040 of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $104. Compute her net pay for the eight days' work paid on February 26. (Round your answer to 2 decimal places. Do not round intermediate calculations.) Naty Required 2 > Journal entry worksheet 1 Record the payroll expenses and liabilities for the eight days' work paid on February 26 turbobit to co General Journal Credit Feb 20 Journal entry worksheet Record the sales revenue of $3,300 on account to Wildcat Services together with 4% sales tax on every dollar of merchandise sold. Note: Enter debts before credits General Journal Mar 25 Dobil Crode Racord entry Clear entry Viewgonal journal

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