In the following summary of data for a payroll period, some amounts have been intentionally omitted: a.
Question:
a. Calculate the amounts omitted in lines (1), (3), (7), and (11).
b. Record the entry for the payroll accrual.
c. Record the entry for paying thepayroll.
Transcribed Image Text:
Earnings: 1. At regular rate 2. At overtime rate s 32,500 3. Total earnings Deductions: 15,165 29,500 3,150 4. FICA tax 5. Income tax withheld 6. Medical insurance 7. Union dues 8. Total deductions 9. Net amount paid 50,000 161,000 Accounts debited: 121,600 10. Factory Wages 11. Sales Salaries 12. Office Salaries 34,300
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a Summary 1 178500 3 211000 7 2185 11 55100 Details Net amount paid 1610...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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