Saved Problem Help Submit Save & Exit Following are some transactions and events of Business Solutions Feb. 26 The company paid cash to Lyn Addie for eight days' work at $140 per day. Mar. 25 The company sold merchandise with a $2,600 cost for $3,300 on credit to wildcat Services, invoice dated March 25. Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,120 of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $112. 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.) 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.) 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 5.4% for the company. (Round your answers to 2 decimal places. Do not round intermediate calculations.) 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies (Rolind your answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. Prey 1 of 1 : Next > Serial Problem Saved Hel Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. View transaction list Journal entry worksheet 1 2 > Book Record the sales revenue of $3,300 on account to Wildcat Services together with 4% sales tax on every dollar of merchandise sold. rences Note: Enter debits before credits. Date General Journal Debit Credit Mar 25 Record entry Clear entry View general Journal