EX 10-10 Summary payroll data In the following summary of data for a payroll period,...

80.2K

Verified Solution

Question

Accounting

image
EX 10-10 Summary payroll data In the following summary of data for a payroll period, some amounts hav ally omitted: OBJ. 2,3 e been intention- Earnings 1. At regular rate 2. At overtime rate 3. Total earnings $80,000 Deductions: 4. Social security tax 5. Medicare tax 6. Income tax withheld 7. Medical insurance 8. Union dues 9. Total deductions 32,400 8,100 135,000 18,900 201,150 338,850 10. Net amount paid Accounts debited: 285,000 120,000 a. Calculate the amounts omitted in lines (1), (3), (8), and (12). 11. Factory Wages 12. Sales Salaries 13. Office Salaries b. Journalize the entry to record the payroll accrual. c. Journalize the entry to record the payment of the payroll

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students