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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

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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