In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings:   1. At regular rate ? 2. At overtime rate $66,000 3. Total earnings ? Deductions:   4. Social security tax 37,560 5. Medicare tax 9,390 6. Income tax withheld 130,000 7. Medical insurance 21,910 8. Union dues ? 9. Total deductions 205,610 10. Net amount paid 420,390 Accounts debited:   11. Factory Wages 267,000 12. Sales Salaries ? 13. Office Salaries 100,000     Required: A. Calculate the amounts omitted in lines (1), (3), (8), and (12). B. On December 19, journalize the entry to record the payroll accrual.* C. On December 20, journalize the entry to record the payment of the payroll.

College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
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Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 6E: On January 21, the column totals of the payroll register for Great Products Company showed that its...
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In the following summary of data for a payroll period, some amounts have been intentionally omitted:
Earnings:  
1. At regular rate ?
2. At overtime rate $66,000
3. Total earnings ?
Deductions:  
4. Social security tax 37,560
5. Medicare tax 9,390
6. Income tax withheld 130,000
7. Medical insurance 21,910
8. Union dues ?
9. Total deductions 205,610
10. Net amount paid 420,390
Accounts debited:  
11. Factory Wages 267,000
12. Sales Salaries ?
13. Office Salaries 100,000
 
  Required:
A. Calculate the amounts omitted in lines (1), (3), (8), and (12).
B. On December 19, journalize the entry to record the payroll accrual.*
C. On December 20, journalize the entry to record the payment of the payroll.
   
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