Write the journal entry for the following a. Hired the first part-time employee at the beginning of August and will be paying the employee monthly. We made the first payment on August 31. The gross pay is $1,800 for working part time, with the following withholdings: federal income tax $150, state income tax - $50, social security tax of 6.2%, and Medicare tax of 1.45%. The Federal unemployment tax rate is .6% and the state unemployment tax rate is 5.4%. The new employee has $150 deducted from their paycheck for health insurance and the company matches that amount. b. Purchased more soil for $1,800 on August 10* from Speedy Delivery Company to be used in landscaping for our customers. Speedy offers new credit terms of 1/15, net 45. We use the net method. c. On August 31" the online bank statement is available for viewing and shows $1] earned on the interest-bearing checking account and a service charge of $30 for going below the minimum balance during the month. Assume the following checks have not cleared the bank: check #23 and #24. d. On August 25, paid for the soil purchased earlier in the month (see item b above), e. It is estimated that $380 of service revenue will need to be refunded in the future on our new money back guarantee. (adjusting entries) f. The new employee will earn vacation days valued at $750 a year. Accrue the monthly amount for compensated absences (adjusting entries) MacBoots