Question: ayroll Liabilities Saved Help Save & Ext Submt Check my work Serial Problem Business Solutions LO P2, P3, C2 Following are.some transactions and events of

 ayroll Liabilities Saved Help Save & Ext Submt Check my work
Serial Problem Business Solutions LO P2, P3, C2 Following are.some transactions and
events of Business Solutions. Feb. 26 The company paid cash to Lyn
Addie for eight days' work at $140 per day. Mar. 25 The
company sold merchandise' with a $2,002 cost for $2,850 on credit to

ayroll Liabilities Saved Help Save & Ext Submt Check my work Serial Problem Business Solutions LO P2, P3, C2 Following are.some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days' work at $140 per day. Mar. 25 The company sold merchandise' with a $2,002 cost for $2,850 on credit to Wildcat Services, invoice dated March 25. Required: 1. Assume that Lyn Addle Is an unmarried employee. Her $1,120 of wages are subject to no deductions other than FICA Soclal Securty taxes, FICA Medicare taxes, and federal Income taxes. Her federal Income taxes for this pay perlod total $112. Compute her net pay for the eight days' work paid on February 26. (Round your answer to 2 decimal places. Do not round Intermediate calculations.) Net pay $ 922.32 2. Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part 1 (Round your answers to 2 decimal places. Do not round intermediate calculations.) Check my work 5 2 Record the Jurnal entry to reflect the payroll payment to Lyn Addle as computed in part 1. (Round your answers to 2 dedmal places. Do not round intermediate calculatlions.) 25 oints View traneaction llet Skipped Journal entry worksheet

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