Homework Saved Help Save & Exit Submit 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 $130 per day. Mar. 25 The company sold merchandise with a $2,102 cost' for $2,830 on credit to Wildcat Services, invoice dated March 25. this pay Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,040 of wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes period total $104. 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 A 2. Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part 1. (Round your 1 of 2 09/17/2020 10:08 Connect - Mo..O'Reilly Parts... O'Reilly Parts... acy System... 2774::ws191 DELL Saved Help Save & Exit Subm Check my work 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.) View transaction list Journal entry worksheet 1 Record the payroll expenses and liabilities for the eight days' work paid on February 26. Note: Enter debits before credits. Debit General Journal Date Credit Feb 26, 2018 1 of 2 SO'Reilly Parts... 09/17/2020 10:09 System... 2774::ws191 Connect - Mo... O'Reilly Parts... DELL mework Saved Help Save & Exit Submi Check my work 3. Record the journal entry to reflect the (employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 4% for the company. (Round your answers to 2 decimal places. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 Record the employer's payroll expenses and liabilities for the eight days' work paid on February 26. Note: Enter debits before credits. General Journal Debit Credit Date Feb 26, 2018 1 of 2 XO'Reilly Parts... 09/17/2020 10:09 cy System...2774::W5191 Connect - Mo... O'Reilly Parts... DELL omework Saved Help Save & Exit Submit Check my work 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. (Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 Record the sales revenue of $2,830 on account to Wildcat Services together with 4% sales tax on every dollar of mercha ise sold. Note: Enter debits before credits General Journal Debit Credit Date Mar 25, 2018 Prev 1 of 2 Next > O'Reilly Parts... 09/17/2020 10:09: acy System...: 2774::W5191 Connect - Mo... O'Reilly Parts... DELL