Problem 10.2A (Algo) Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5

Analyze: What are Andy Anderson's cumulatlve earnings on June 30, 20X1? Complete this question by entering your answers in the tabs below. What are Andy Anderson's cumulative earnings on June 30? (Round your intermediate calculations and final answer to 2 decimal places.) Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended June 30 , and July 3. (Round your intermediate calculations and final answers to 2 decimal places.) Journal entry worksheet Record the entry to summarize payment of the payroll. Note: Enter debits before credits. Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended June 30 , and July 3. (Round your intermediate calculations and final answers to 2 decimal places.) Journal entry worksheet Record the company's payroll to be paid at a later date. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Show less A General Journal > Problem 10.2A (Algo) Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 Clty Place Movle Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30 , these employees worked the hours shown below. Information about hourly rates, marital status, withholding allowances, and cumulative earnings prior to the current pay perlod also appears below. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times thelr regular hourly rate. Required: 1. Enter the basic payroll Information for each employee In a payroll register. Record the employee's name, number of withholding allowances, marltal status, total and overtime hours, and regular hourly rate. Note: Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times thelr regular hourly rate 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of soclal securlty tax to be withheld from each employee's earnings. Assume a 6.2 percent social securlty rate on the first $132,900 earned by the employee during the year. Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 1.45 percent Medicare tax rate on all salarles and wages earned by the employee during the year. Enter the figures In the payroll register. 5. Determine the amount of federal Income tax to be withheld from each employee's total earnings. Use the tax tables in Figure 10.2a \& Flgure 10.2b. Enter the figures in the payroll register. 6. Compute the net pay of each employee and enter the figures in the payroll register. 7. Prepare a general Journal entry to record the payroll for the week ended June 30 . 8. Record the general journal entry to summarize payment of the payroll on July 3