Summary Payroll Data 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 $77,100   3. Total earnings ? Deductions:     4. Social security tax 30,840   5. Medicare tax 7,710   6. Income tax withheld 131,100   7. Medical insurance 17,700   8. Union dues ?   9. Total deductions 190,000   10. Net amount paid 324,000 Accounts debited:     11. Factory Wages 272,400   12. Sales Salaries ?   13. Office Salaries 102,800 a.  Calculate the amounts omitted in lines (1), (3), (8), and (12). (1) $ (3) $ (8) $ (12) $ b.  Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank.                                                                         c.  Journalize the entry to record the payment of the payroll.

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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Summary Payroll Data

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 $77,100
  3. Total earnings ?
Deductions:  
  4. Social security tax 30,840
  5. Medicare tax 7,710
  6. Income tax withheld 131,100
  7. Medical insurance 17,700
  8. Union dues ?
  9. Total deductions 190,000
  10. Net amount paid 324,000
Accounts debited:  
  11. Factory Wages 272,400
  12. Sales Salaries ?
  13. Office Salaries 102,800

a.  Calculate the amounts omitted in lines (1), (3), (8), and (12).

(1) $
(3) $
(8) $
(12) $

b.  Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank.

       
       
       
       
       
       
       
       
       

c.  Journalize the entry to record the payment of the payroll.

       
   
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