Workers Compensation Insurance is given at $0\mathrm{.}2\%$ of payroll for the year. If the estimated payroll for the current year was $$850,000,$ give the required journal entry to record this transaction in cash for the beginning of the year.

$12$

If the above payroll, was overestimated by $$18,500,$ give the required journal entry to

record the needed adjustment $($accounts receivable$)$ at the end of the year.