Instructions The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Employee Hours Worked Hourly Rate Weekly Salary Federal Income Tax Retirement Savings $889.44 $105 Aaron $70 Cobb 43 58 539.92 115 64 125 Clemente 45 388.44 39 52 377.80 0 DiMaggio Griffey. Jr. 48 749.08 135 317.45 125 Mantle $1,700 Robinson 387.32 135 2,100 428.24 130 Williams 80 Vaughn 49 84 770.08 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1%: times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 8.0%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Required: 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20VS. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round your intermediate calculations and final answers to two decimal places. 2. Journalize the entry to record the payroll for the week. 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. If required, round your answers to two decimal places.Payroll Register 1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers. Round your intermediate calculations and final answers to two decimal places. Payroll for Week Ending December 9, 20Y8 Deductions Deductions Deductions Deductions Deductions Paid Paid Accounts Debited Accounts Debited 1 Earnings Earnings Earnings Withheld Withheld Withheld Withheld Withheld Sales Salaries Office Salaries Social Security Federal Income Retirement Medicare Tax Total Net Pay Ck. No. 2 Employee Total Hours Regular Overtime Total Tax Tax Savings Expense Expense $689.44 $105.00 901.00 Aaron 43.00 539.92 115.00 902.00 Cobb 43.00 668.44 125.00 903.00 Clemente 45.00 377.80 904.00 DiMaggio 39.00 749.08 135.00 905.00 Griffey, Jr. 48.00 317.45 125.00 906.00 Mantle 387.37 135.00 907.00 Robinson 38.00 426.24 130.00 908.00 10 Williams 770.08 80.00 909.00 1i Vaughn 48.00 $4,925.77 $950.00 TotalsJournal 2. Journalize the entry to record the payroll for the week. 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. If required, round your answers to two decimal places. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY