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Shirley is the office manager for Ucancy Eye Center in Tallahassee Florida. She is a salaried employee making $60,000 per year. She contributes 10% to the pension plan and does not get her health insurance through the company. Payroll is biweekly and Florida does not have a state income tax. She has four employees with the following information: Joe Sally Kim Eric Hourly wage 0 $100 $10 $30 $10 Hours worked 8 8.5 8 6 6 6 8 10 Monday Tuesday Wednesday 10 Thursday Friday Monday Tuesday Wednesday 10 Thursday Friday 8 4 10 8.5 8 10 8 8 TO 0 10% 5% Pension contribution 5% 10% Health ins Deduction $100 0 $50 $50 $10 Federal tax rate is $15% for Shirley, Sally & Kim, 24% for Joe & Eric Calculate payroll gross to net for each employee Calculate the employer's federal tax deposit due. Ucancy is a biweekly filer The company matches payroll contributions up to 5% What is the employer's contribution? During the month of September, Shirley made the following deposits $25,000, $22.000 $30,000, 528,000 $22.000 She wrote the following checks Check 1001 1002 1003 1004 1005 1000 1007 1006 1009 1010 Amount $1,000 52.500 $300 $20.000 $450 $125 5375 55.000 5410 $1.250 Federal tax rate is $15% for Shirley, Sally & Kim, 24% for Joe & Eric Calculate payroll gross to net for each employee. Calculate the employer's federal tax deposit due. Ucancy is a biweekly filer. The company matches payroll contributions up to 5%. What is the employer's contribution? During the month of September, Shirley made the following deposits: $25,000, $22,000 $30,000, $28,000, $22.000 She wrote the following checks Check # 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 T Amount $1,000 $2,500 $300 $20,000 $450 $125 $375 $5,000 $410 $1,250 $750 $720 $900 $20,000 Her balance per the bank at the end of August was $90,500 which she balanced to her book balance of $89.000 because check #1000 for $1,000 and check # 999 for $500 were outstanding What was the book balance in the checking account at the end of September? Reconcile the book balance to the bank balance using the bank statement provided Attached is a daily sheet for September 1. Using the information provided on the daily sheet, calculate total sales by Category and doctor and prepare the journal entry for all sales and cash receipts What is the accounting equation? Define internal control and why is it important? What is the Rule of 9's and how is it beneficia? Checking Account Account - Activity from September 1, 20xx - September 30, 20xx 3595 $ Beginning balance Credits Debits Service fees S S $ 90,500.00 127,000.00 33,630.00 10.00 Ending blance $ 183,860.00 Deposits/Credit Activity 1-Sep Deposit 2-Sep Deposit 20-Sep Deposit 27-Sep Deposit 30-Sep Deposit $ $ S s $ 25,000.00 22,000.00 30,000.00 28,000.00 22,000.00 Withdrawals/Checks/Debit activity Date Check # S $ s 1-Sep 1-Sep 7-Sep 9-Sep 16-Sep 16-Sep 16-Sep 24-Sep 24-Sep 24-Sep 28-Sep 30-Sep 30-Sep 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1012 $ s s $ 500.00 1,000.00 1,000.00 2,500.00 300.00 20,000.00 450.00 125.00 375.00 5,000.00 410.00 1.250.00 720.00 5 $ $ S $ 10.00 30-Sep Service fees DAILY SHEET SEPTEMBER 1, 20XX EXAM TOTAL BLUD S450 $100 $100 CASH RECEIVED $350 550 $350 PATIENT Edna Flowers Sally Smith James Edward Tome Mary Franklin $150 $100 $100 5.400 5375 $100 S100 S600 Terry Smrton Simpson SO $150 50 50 $o $425 $175 5375 $550 Jerrys GLASSES CONTACTS PRESCRIPTION DOCTOR $350 Dr. Joe $250 Dr. Eric $50 Dr. Joe 5300 Dr. Eric $275 Dr. Joe $500 Dr. Eric Seso Dr.Joe $325 Dr. Eric $350 Dr. Joe $275 $75 D. Er Dr. Jos 3300 De End $525 De Joe $450 Dr. Eric $425 De love $275 Dr. Eric 5100 $100 $100 $425 Kim Kay $450 5100 $450 $100 S600 $150 5400 3110 Barbara Pilips Jay Mandel Nick Saban Jenny iones Martha Ray John ons $100 $100 $625 $100 S25 5225 $S50 5525 $525 Philip Cross $100 $100 $100 $100 5375 5035 5375 $425 Mary Sim Joe Renee $300 Dr. Joe Dr. Eric Dr. Joe 5150 $275 Erica Anderson $100 $100 5400 5650 ses $550 $325 Lori Main Dr. Eric 5495 Donna Curt $100 Dr. Joe $400 $150 $300 5350 Susan Helms $100 Dr. Enc $450 $175 Shirley is the office manager for Ucancy Eye Center in Tallahassee Florida. She is a salaried employee making $60,000 per year. She contributes 10% to the pension plan and does not get her health insurance through the company. Payroll is biweekly and Florida does not have a state income tax. She has four employees with the following information: Joe Sally Kim Eric Hourly wage 0 $100 $10 $30 $10 Hours worked 8 8.5 8 6 6 6 8 10 Monday Tuesday Wednesday 10 Thursday Friday Monday Tuesday Wednesday 10 Thursday Friday 8 4 10 8.5 8 10 8 8 TO 0 10% 5% Pension contribution 5% 10% Health ins Deduction $100 0 $50 $50 $10 Federal tax rate is $15% for Shirley, Sally & Kim, 24% for Joe & Eric Calculate payroll gross to net for each employee Calculate the employer's federal tax deposit due. Ucancy is a biweekly filer The company matches payroll contributions up to 5% What is the employer's contribution? During the month of September, Shirley made the following deposits $25,000, $22.000 $30,000, 528,000 $22.000 She wrote the following checks Check 1001 1002 1003 1004 1005 1000 1007 1006 1009 1010 Amount $1,000 52.500 $300 $20.000 $450 $125 5375 55.000 5410 $1.250 Federal tax rate is $15% for Shirley, Sally & Kim, 24% for Joe & Eric Calculate payroll gross to net for each employee. Calculate the employer's federal tax deposit due. Ucancy is a biweekly filer. The company matches payroll contributions up to 5%. What is the employer's contribution? During the month of September, Shirley made the following deposits: $25,000, $22,000 $30,000, $28,000, $22.000 She wrote the following checks Check # 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 T Amount $1,000 $2,500 $300 $20,000 $450 $125 $375 $5,000 $410 $1,250 $750 $720 $900 $20,000 Her balance per the bank at the end of August was $90,500 which she balanced to her book balance of $89.000 because check #1000 for $1,000 and check # 999 for $500 were outstanding What was the book balance in the checking account at the end of September? Reconcile the book balance to the bank balance using the bank statement provided Attached is a daily sheet for September 1. Using the information provided on the daily sheet, calculate total sales by Category and doctor and prepare the journal entry for all sales and cash receipts What is the accounting equation? Define internal control and why is it important? What is the Rule of 9's and how is it beneficia? Checking Account Account - Activity from September 1, 20xx - September 30, 20xx 3595 $ Beginning balance Credits Debits Service fees S S $ 90,500.00 127,000.00 33,630.00 10.00 Ending blance $ 183,860.00 Deposits/Credit Activity 1-Sep Deposit 2-Sep Deposit 20-Sep Deposit 27-Sep Deposit 30-Sep Deposit $ $ S s $ 25,000.00 22,000.00 30,000.00 28,000.00 22,000.00 Withdrawals/Checks/Debit activity Date Check # S $ s 1-Sep 1-Sep 7-Sep 9-Sep 16-Sep 16-Sep 16-Sep 24-Sep 24-Sep 24-Sep 28-Sep 30-Sep 30-Sep 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1012 $ s s $ 500.00 1,000.00 1,000.00 2,500.00 300.00 20,000.00 450.00 125.00 375.00 5,000.00 410.00 1.250.00 720.00 5 $ $ S $ 10.00 30-Sep Service fees DAILY SHEET SEPTEMBER 1, 20XX EXAM TOTAL BLUD S450 $100 $100 CASH RECEIVED $350 550 $350 PATIENT Edna Flowers Sally Smith James Edward Tome Mary Franklin $150 $100 $100 5.400 5375 $100 S100 S600 Terry Smrton Simpson SO $150 50 50 $o $425 $175 5375 $550 Jerrys GLASSES CONTACTS PRESCRIPTION DOCTOR $350 Dr. Joe $250 Dr. Eric $50 Dr. Joe 5300 Dr. Eric $275 Dr. Joe $500 Dr. Eric Seso Dr.Joe $325 Dr. Eric $350 Dr. Joe $275 $75 D. Er Dr. Jos 3300 De End $525 De Joe $450 Dr. Eric $425 De love $275 Dr. Eric 5100 $100 $100 $425 Kim Kay $450 5100 $450 $100 S600 $150 5400 3110 Barbara Pilips Jay Mandel Nick Saban Jenny iones Martha Ray John ons $100 $100 $625 $100 S25 5225 $S50 5525 $525 Philip Cross $100 $100 $100 $100 5375 5035 5375 $425 Mary Sim Joe Renee $300 Dr. Joe Dr. Eric Dr. Joe 5150 $275 Erica Anderson $100 $100 5400 5650 ses $550 $325 Lori Main Dr. Eric 5495 Donna Curt $100 Dr. Joe $400 $150 $300 5350 Susan Helms $100 Dr. Enc $450 $175

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