Please only use the terms provided for the Journal Entry Worksheet. (Q-2-4) Thanks!:-

accounts payable - Wildcat services accounts receivable - Wildcat services Accrued payroll payable Bonus payable Cash Cost of goods Sold Deferred income tax liability Earned services revenue Earned ticket revenue Employee benefits plan payable Employee bonus expense Employee fed. inc. taxes payable Employee life insurance payable Employee medical insurance payable Employee union dues payable Estimated warranty liability Federal unemployment taxes payable FICA-Medicare taxes payable FICA-Social Security taxes payable Income taxes expense Income taxes payable Interest expense Interest Payable Merchandise inventory Notes payable Payroll Taxes expense Repair parts inventory Sales Sales taxes Payable State unemployment taxes payable Unearned services revenue Vacation benefits expense Vacation benefits payable Wages expense

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 $2,012 cost for $2,920 on credit to Wildcat Services, invoice dated March 25 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 for this pay 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.) et pay 936.00 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 Record the payroll expenses and liabilities for the eight days' work paid on February 26 Note: Enter debits before credits. Date General Journal Debit Credit Feb 26, 2018 Employee federal income taxes payable State unemployment taxes payable Record entry Clear entry View general journal 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 Record the employer's payroll expenses and liabilities for the eight days' work paid on February 26. Note: Enter debits before credits. Date General Journal Debit Credit Feb 26, 2018 Record entry Clear entry View general journal 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 2 Record the sales revenue of $2,920 on account to Wildcat Services together with 4% sales tax on every dollar of merchandise sold Note: Enter debits before credits. Date General Journal Debit Credit Mar 25, 2018 Record entry clear entry View general journal