Williams Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information available from time records and employees' individual earnings records for the pay period ended September 21 is shown in the following chart: Earnings at Daily Time Income End of Previous Pay Name Week F Tax Allowances Rate or Amount Bot, D. 6,745.00 25.00 Dore, C. 136,240.00 0 49.50 $252.30 Gayle, A 32,730.00 10 0 24.50 2 Hale, R. 117,560.00 4 40.00 $195.50 35,154.00 0 49.50 $291.25 Kam S 2 Obec N Wong, J. 29.938.00 6,795.00 27.252.00 108020.00 2 Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Required: 1. Complete the payroll register using the wage-bracket income tax withholding table in Figure 3. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1.45 percent. Assume that all employees are married. In the payroll register, begin payroll checks with No. 1863. If an amount is zero, enter "0". If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. EARNINGS PAYROLL TOTAL BEGINNING CUMULATIVE NAME HOURS EARNINGS E REGULAR OVERTIME TOTAL Bolt D Dare, C Gayle, A Hale, 1 15 $ $ $ Jily, B. $ $ $ $ Karn, S ' Ober, N Wesng, 3 2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wapes Pavable account. Then assuming that 2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account. Then assuming that the firm has transferred funds from its regular bank account to its special payroll bank account and that this entry has been made, prepare a general journal entry to record the payment of wages. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. DATE 20-- Sept. 21 Sept. 21 GENERAL JOURNAL DESCRIPTION POST. REF. DEBIT Payroll register for week ended September 21. Paid wages for week ended September 21. PAGE CREDIT Ch. 7 Graded Homework table in $ 1.45 ayroll rounded. WILLIAMS COMPANY AYROLL REGISTER FOR WEEK ENDED September 21, 20-- g that l bank ecord k. If rest cent TAXABLE EARNINGS ENDING CUMULATIVE SOCIAL EARNINGS UNEMPLOYMENT SECURITY MEDICARE . $ DEDUCTI FEDERAL INCOME TAX SOCIAL SECURITY TAX er 21, 20-- DEDUCTIONS FEDERAL INCOME SOCIAL SECURITY MEDICARE EDICARE TAX TAX TAX TOTAL " $ S $ $ S " PAYMENTS NET AMOUNT NO