In the following summary of data for a payroll period, some amounts have been intentionally omitted:

In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate $80,000 2. At overtime rate 3. Total earnings Deductions: (32,400) 4. Social security tax (8,100) 5, Medicare tax 6. Income tax withheld (135,000) (18,900) 7. Medical insurance 8. Union dues (201,150) 9. Total deductions $338,850 10. Net amount paid Accounts debited: 285,000 11. Factory Wages 12. Sales Salaries 7 13. Office Salaries 120,000 a. Calculate the amounts omitted in lines (1), (3), (8), and (12). Assume that the social security tax rate was 6.0 % and the Medicare tax rate was 1.5 %. (1) (3) s (8) (12) $ b. Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank. c. Jounalize the entry to record the payment of the payroll. 1If an amount box does not require an entry, leave it blank. s more Check My Work uses remaining

 

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