Problem 11.6A (Algo) Computing and recording workers' compensation insurance premiums. LO 11-8 The following information relates to Ponte Manufacturing Company's workers' compensation insurance premiums for 20X1. On January 15, 20X1, the company estimated its premium for workers' compensation insurance for the year on the basis of that data. Work Classification Office work Shop work Amount of Estimated Wages Insurance Rates $ 48,000 $ 0.30/$100 292,000 $ 6.00/$100 Required: 1. Compute the estimated premiums. 2. Record in general journal form payment of the estimated premium on January 15, 20X1. 3. On January 4, 20X2, an audit of the firm's payroll records showed that it had actually paid wages of $53 960 to its office employees and wages of $299 320 to its shon employees. Compute the actual.