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Using the chart of accounts included at the end this assignment file, determine the changes to the balance sheet, income statement, job cost ledger and
Using the chart of accounts included at the end this assignment file, determine the changes to the balance sheet, income statement, job cost ledger and equipment ledger as the result of billing a client $368,264 for job 313. The bill includes $249,996 for the work performed during the last month and $118,268 for retention withheld from the previous months payments. Retention will not be withheld on the $249,996.
Employee ($) 2 3 1 4 Total 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 29.79 559.59 350.00 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 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 60.00 649.43 Employee ($) 2 3 1 4 Total 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 29.79 559.59 350.00 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 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 60.00 649.43
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