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of all of these invoices? 8. Time cards are being entered into the accounting sys- tem for four employees. The costs for Employee 1 are to be billed to job cost code 302.01.01100L. Ten hours of Employee 2 time is to be billed to job cost code 302.01.06110L and the remaining 30 hours are to be billed to job cost code 302.01.06210L. Employee 3 took vacation this entire week and Employee 4 works in the main office. The employee costs and deductions with- held from the employee's check are shown in Table 3-1. Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of entering the employees' time into the accounting system. 9. Using the chart of accounts in Figure 2-1, determine the Accounting Transactions 49 Table 3-1 Employee Costs and Deductions Employee ($) Total 400.00 24.80 5.80 Employer's Costs Wages Social Security Medicare SUTA FUTA Liability Insurance Workers' Comp. Health Insurance Vacation Total Employee Deductions Social Security Medicare Federal Withholdings State Withholdings Health Insurance Total 600.00 37.20 8.70 18.00 4.80 12.00 54.00 40.00 38.92 813.62 12.00 3.20 8.00 36.00 40.00 29.79 559.59 350.00 21.70 5.08 10.50 2.80 7.00 31.50 40.00 27.51 496.09 500.00 31.00 7.25 15.00 4.00 10.00 15.00 40.00 33.20 655.45 1,850.00 114.70 26.83 55.50 14.80 37.00 136.50 160.00 129.42 2,524.75 21.70 5.08 37.20 8.70 59.85 36.00 60.00 201.75 24.80 5.80 29.85 24.00 60.00 144.45 22.35 21.00 60.00 130.13 31.00 7.25 44.85 30.00 60.00 173.10 114.70 26.83 156.90 111.00 240.00 649.43 15. Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of leas- ing a $55,000 dump truck (Dump Truck 11). The lease extends for five years, at which time the dump truck may be purchased for $5,000. The present value of the 20. ABC Framing has been hired to frame a light commer- cial building. The project began on July 2 and was com- pleted on August 9. The following is a list of accounting transactions associated with the project. For each trans- action, determine the changes that occur on the balance sheet, income statement, and job cost ledger as a result of that transaction and the year-to-date totals by general Accounting Transactions Table 3-1 Employee Costs and Deductions Employee ($) 2 Total 350.00 21.70 5.08 10.50 2.80 Employer's Costs Wages Social Security Medicare SUTA FUTA Liability Insurance Workers' Comp. Health Insurance Vacation Total Employee Deductions Social Security Medicare Federal Withholdings State Withholdings Health Insurance Total 600.00 37.20 8.70 18.00 4.80 12.00 54.00 40.00 38.92 813.62 400.00 24.80 5.80 12.00 3.20 8.00 36.00 40.00 29.79 559.59 500.00 31.00 7.25 15.00 4.00 10.00 15.00 40.00 33.20 655.45 1,850.00 114.70 26.83 55.50 14.80 37.00 136.50 160.00 129.42 2,524.75 7.00 31.50 40.00 27.51 496.09 37.20 8.70 59.85 36.00 60.00 201.75 24.80 5.80 29.85 24.00 60.00 144.45 21.70 5.08 22.35 21.00 60.00 130.13 31.00 7.25 44.85 30.00 60.00 173.10 114.70 26.83 156.90 111.00 240.00 649.43 15. Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of leas- ing a $55.000 dump truck (Dump Truck 11). The lease 20. ABC Framing has been hired to frame a light commer- cial building. The project began on July 2 and was com- pleted on August 9. The following is a list of accounting transactions associated with the project. For each trans- . 1 . 111 1 .11