Name: Date: Cells highlighted in green contain a drop-down list; select the appropriate account from th When the calculation for Net pay is correct, the cell will change to yellow. Following are some transactions and events of Business Solutions. Feb. 26 Mar. 25 The company paid cash to Lyn Addie for eight days' work at $125 per day. The company sold merchandise with a $2,002 cost for $2,800 on credit to Wildcat Services, invoice dated March 25. Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,000 of wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $159. 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 2. Record the joumal 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.) Date General Journal Debit Credit 26-Feb-21 3. Record the journal entry to reflect the employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addie has not met eamings 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.) General Journal Debit Credit Date 26-Feb-21 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. General Journal Debit Credit Date 25-Mar-21 25-Mar-21