Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows:Name# ofAllowancesMaritalStatusTotalHoursRateCumulativeEarningsB. Russo0S44$ 8.00$ 8,300P. Higgins1M4628.0052,176S. Minsky2S40 9.0018,560A. Mendez4M4034.0086,000Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803.(Refer to Figure 8-4a and Figure 8-4b.)Required:1. Complete the payroll register. Round your answers to the nearest cent.2. Journalize the payroll entry. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows:# ofMaritalTotalCumulativeNameAllowancesStatusHoursRateEarningsB. Russo44$ 8.00$ 8,300P. HigginsS. Minsky1M4628.0052,1762409.0018,560A. Mendez4M4034.0086,000Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803.(Refer to Figure 8-4a and Figure 8-4b.)Required:1. Complete the payroll register. Round your answers to the nearest cent.Payroll Register for Period EndedDecember 10EarningsTaxable EarningsDeductionsFederalSocialNo.Cumulative Unemploy.SocialMedicareHealthSavingsM/SIncomeSecurityNet PayCk. No.NameAllow.RegularOvertimeTotalTotalComp.SecurityТаxInsuranceBondsTotalТаxТаxB. RussoP. Higgins1MS. Minsky2A. Mendez4M2. Journalize the payroll entry. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank.Page: 3POST.DATEDESCRIPTIONDEBITCREDITREF.1 Dec. 10234455673.

Journal entries refers to the systematic documentation of the financial transactions of a company in…

Answered: Jerri's Mason Supply Company has four…

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1CP: Irina Company pays its employees weekly. The last pay period for 20-1 was on December 28. From...

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Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows:

Name	# of Allowances	Marital Status	Total Hours	Rate	Cumulative Earnings
B. Russo	0	S	44	$ 8.00	$ 8,300
P. Higgins	1	M	46	28.00	52,176
S. Minsky	2	S	40	9.00	18,560
A. Mendez	4	M	40	34.00	86,000

Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803.

(Refer to Figure 8-4a and Figure 8-4b.)

Required:

1. Complete the payroll register. Round your answers to the nearest cent.

2. Journalize the payroll entry. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank.

Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows:
# of
Marital
Total
Cumulative
Name
Allowances
Status
Hours
Rate
Earnings
B. Russo
44
$ 8.00
$ 8,300
P. Higgins
S. Minsky
1
M
46
28.00
52,176
2
40
9.00
18,560
A. Mendez
4
M
40
34.00
86,000
Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803.
(Refer to Figure 8-4a and Figure 8-4b.)
Required:
1. Complete the payroll register. Round your answers to the nearest cent.
Payroll Register for Period Ended
December 10
Earnings
Taxable Earnings
Deductions
Federal
Social
No.
Cumulative Unemploy.
Social
Medicare
Health
Savings
M/S
Income
Security
Net Pay
Ck. No.
Name
Allow.
Regular
Overtime
Total
Total
Comp.
Security
Таx
Insurance
Bonds
Total
Таx
Таx
B. Russo
P. Higgins
1
M
S. Minsky
2
A. Mendez
4
M
2. Journalize the payroll entry. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank.
Page: 3
POST.
DATE
DESCRIPTION
DEBIT
CREDIT
REF.
1 Dec. 10
2
3
4
4
5
5
6
7
3.

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