In: Accounting
posting second times don't give me wrong ans just do payroll register I'll rate
The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8:
Employee | Hours Worked | Hourly Rate | Weekly Salary | Federal Income Tax | Retirement Savings |
---|---|---|---|---|---|
Aaron | 43 | $70 | $689.44 | $105 | |
Cobb | 43 | 58 | 539.92 | 115 | |
Clemente | 45 | 64 | 668.44 | 125 | |
DiMaggio | 39 | 52 | 377.80 | 0 | |
Griffey, Jr. | 48 | 64 | 749.08 | 135 | |
Mantle | $1,700 | 317.45 | 125 | ||
Robinson | 38 | 53 | 387.32 | 135 | |
Williams | 2,100 | 426.24 | 130 | ||
Vaughn | 48 | 64 | 770.08 | 70 |
Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employee’s annual earnings. The next payroll check to be used is No. 901.
Required: | |
1. | Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers and round your intermediate calculations and final answers to the nearest whole cent (two decimal places). |
2. | Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. Refer to the Chart of Accounts for exact wording of account titles. |
Chart of Accounts
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Throwback Industries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Payroll Register
Shaded cells have feedback.
1. Prepare a payroll register for Throwback Industries Inc. for the week ended December 9, 20Y8. Assume the normal working hours in a week are 40 hours. Enter amounts as positive numbers and round your intermediate calculations and final answers to the nearest whole cent (two decimal places).
Score: 261/315
Payroll for Week Ending December 9, 20Y8 |
1 |
Earnings |
Earnings |
Earnings |
Deductions |
Deductions |
Deductions |
Deductions |
Deductions |
Paid |
Paid |
Account Debited |
Account Debited |
||
2 |
Employee |
Total Hours |
Regular |
Overtime |
Total |
Social Security Tax |
Medicare Tax |
Federal Income Tax |
Retirement Savings |
Total |
Net Pay |
Ck. No. |
Sales Salaries Expense |
Office Salaries Expense |
3 |
Aaron |
43.00 |
? |
? |
? |
? |
? |
$689.44 |
$105.00 |
? |
#901 |
? |
||
4 |
Cobb |
43.00 |
? |
? |
? |
? |
539.92 |
115.00 |
#902 |
? |
||||
5 |
Clemente |
45.00 |
? |
? |
? |
? |
? |
668.44 |
125.00 |
? |
#903 |
? |
||
6 |
DiMaggio |
39.00 |
? |
? |
? |
? |
377.80 |
? |
#904 |
? |
||||
7 |
Griffey, Jr. |
48.00 |
? |
? |
? |
? |
? |
749.08 |
135.00 |
? |
#905 |
? |
||
8 |
Mantle |
? |
? |
? |
317.45 |
125.00 |
? |
#906 |
? |
|||||
9 |
Robinson |
38.00 |
? |
? |
? |
? |
387.32 |
135.00 |
? |
#907 |
? |
|||
10 |
Williams |
? |
? |
? |
426.24 |
130.00 |
? |
#908 |
? |
|||||
11 |
Vaughn |
48.00 |
? |
? |
? |
? |
? |
770.08 |
70.00 |
? |
#909 |
? |
||
12 |
? |
? |
? |
? |
$4,925.77 |
$940.00 |
? |
? |
Points:
62.14 / 75
Journal
Shaded cells have feedback.
2. Journalize the entry to record the payroll for the week. If required, round your answers to two decimal places. Refer to the Chart of Accounts for exact wording of account titles.
How does grading work?
PAGE 1
JOURNAL
ACCOUNTING EQUATION
Score: 85/85
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