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În the following summary of data for a payroll period, some amounts have been intention- ally omitted: 400 Earnings: 1. At regular rate 2. At overtime rate 2000 Comp WONE WOH M $80,000 3. Total earnings or declining ? n Deductions: 4. Social security tax ysq 0032,400 ad 8,100 5. Medicare tax for December abrori WOM SM 6. Income tax withheld qioninq 135,000 Inue 20 (P) pc baame 7. Medical insurance 18,900 lous Year 8. Union dues 9. Total deductions 10. Net amount paid 201,150 Account 338,850 910 Accounts debited: nver 91-gnol al nos 300 11. Factory Wages 285,000 300 12. Sales Salaries a Com 13. Office Salaries 120,000 qu a. Calculate the amounts omitted in lines (1), (3), (8), and (12). or declining b. Journalize the entry to record the payroll accrual. c. Journalize the entry to record the payment of the payroll.

În the following summary of data for a payroll period, some amounts have been intention- ally omitted: 400 Earnings: 1. At regular rate 2. At overtime rate 2000 Comp WONE WOH M $80,000 3. Total earnings or declining ? n Deductions: 4. Social security tax ysq 0032,400 ad 8,100 5. Medicare tax for December abrori WOM SM 6. Income tax withheld qioninq 135,000 Inue 20 (P) pc baame 7. Medical insurance 18,900 lous Year 8. Union dues 9. Total deductions 10. Net amount paid 201,150 Account 338,850 910 Accounts debited: nver 91-gnol al nos 300 11. Factory Wages 285,000 300 12. Sales Salaries a Com 13. Office Salaries 120,000 qu a. Calculate the amounts omitted in lines (1), (3), (8), and (12). or declining b. Journalize the entry to record the payroll accrual. c. Journalize the entry to record the payment of the payroll.

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 10.3BE: Journalize period payroll The payroll register of Heritage Co. indicates 3,900 of social security...
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In the following summary of data for a payroll period, some amounts have been intention- EX 10-10 Summary payroll data OBJ. 2, 3 2-01 XB 1.550 a lo ally omitted: Earnings: WOM SM 1. At regular rate 2. At overtime rate 3. Total earnings ? Toserpret the ,00 $80,000 or declining? ? brust boerbng Deductions: 4. Social security tax 32,400 5. Medicare tax booos addortabrord mon bo 6. Income tax withheldg leqioninq 135,000 for December 3d WOM SM lad 8,100 moarq o (d),0 onul no n7. Medical insurance 18,900 us Year 8. Union dues 9. Total deductions 10. Net amount paid 201,150 Ace 338,850 910 Accounts debited: Inve morgnol anl uoda 300 11. Factory Wages 285,000 2.300 12. Sales Salaries a Compute 13. Office Salaries 120,000 Company declining a. Calculate the amounts omitted in lines (1), (3), (8), and (12). b. Journalize the entry to record the payroll accrual. c. Journalize the entry to record the payment of the payroll.
Transcribed Image Text:In the following summary of data for a payroll period, some amounts have been intention- EX 10-10 Summary payroll data OBJ. 2, 3 2-01 XB 1.550 a lo ally omitted: Earnings: WOM SM 1. At regular rate 2. At overtime rate 3. Total earnings ? Toserpret the ,00 $80,000 or declining? ? brust boerbng Deductions: 4. Social security tax 32,400 5. Medicare tax booos addortabrord mon bo 6. Income tax withheldg leqioninq 135,000 for December 3d WOM SM lad 8,100 moarq o (d),0 onul no n7. Medical insurance 18,900 us Year 8. Union dues 9. Total deductions 10. Net amount paid 201,150 Ace 338,850 910 Accounts debited: Inve morgnol anl uoda 300 11. Factory Wages 285,000 2.300 12. Sales Salaries a Compute 13. Office Salaries 120,000 Company declining a. Calculate the amounts omitted in lines (1), (3), (8), and (12). b. Journalize the entry to record the payroll accrual. c. Journalize the entry to record the payment of the payroll.
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