Earnings:
1. At regular rate	?
2. At overtime rate	$80,000
3. Total earnings	?
Deductions:
4. Social security tax	32,400
5. Medicare tax	8,100
6. Federal income tax withheld	135,000
7. Medical insurance	18,900
8. Union dues	?
9. Total deductions	201,150
10. Net amount paid	338,850
Accounts debited:
11. Factory Wages	285,000
12. Sales Salaries	?
13. Office Salaries	120,000

Required:

a.

Determine the amounts omitted in lines (1), (3), (8), and (12).

b.

On December 19, journalize the entry to record the payroll accrual.*

c.

On December 20, journalize the entry to record the payment of the payroll.*

*Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Assume that the social security tax rate is 6% and the Medicare tax rate is 15%. In the following summary of data for a payroll period, some amounts have been intentionally omitted ? $80.000 ? 32.400 8.100 Earings 1. Al regular rate 2 At overtime rate 3. Total earnings Deductions 4. Social security tax 5. Medicare tax 6. Federal income tax withheld 7 Medical insurance & Union dues 9 Total deductions 10. Net amount paid Accounts debited 11. Factory Wagen 12 Sales Salaries 13. Office Salaries 135.000 18.900 2 201 150 338.850 285 000 2 120.000 Required: a. Determine the amounts omted in lines (91.3). (8) and (12) b On December 19. joumalize the entry to record the payroll accrual c On December 20 joumalize me entry to record the payment of the payroll "Refer to the chart of accounts for the exact wording of the accountries. CNOW journals do not use lines for journal explanations. Every inte on joume page is used for debitor credit entries ONOW joumals will automatically indent a credt entry where credit amounts entered a Determine the amounts omitted in lines (1). (3), (8), and (12) $ $ (3) (8) (12) $ b. On December 19, journalize the entry to record the payroll accrual, c On December 20. journalize the entry to record the payment of the payrolt "Refer to the chart of accounts for the exact wording of the account titles CNOW joumais do not use lines for joumal explanations Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 11 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REK DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 5 6 8 9 10 11