Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of billing a client $368,264 for Job 313. The bill includes $249,996 for work performed during the last month and $118,268 for retention withheld from the previous month’s payments. Retention will not be withheld on the $249,996.

Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information available from time cards and employees’ individual earnings records for the pay period ended October 14 is shown in the following chart:   Earnings at End Daily Time   Income Tax Name of Previous Week M T W T F S Pay Rate Allowances or Amount Bardin, J. 43,627.00 8 8 8 8 8 2 21.30 2 Caris, A. 44,340.00 8 8 8 8 8 8 21.60 1 Drew, W. 43,845.00 8 10 10 8 8 0 21.50 1 Garen, S. 117,600.00 8 8 8 8 8 0 49.00 $227.83 North, O. 43,875.00 8 8 8 8 8 5 21.40 3 Ovid, N. 40,150.00 8 8 8 8 8 0 21.50 1 Ross, J. 6,430.00 8 8 8 8 8 4 20.50 1 Springer, O. 44,175.00 8 8 8 8 8 3 21.25 2   Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. *Round to the nearest penny. Required: 1. Complete the payroll register…

The Jayco company has a weekly payroll of $150,000 and its last payroll processed before the end of the financial year was on Friday 26th June. Employees do not work on weekends and are only paid for time worked from Monday to Friday.Required: Prepare the journal entry to accrue the payroll at 30th June.

During the month of January, an employee earned $4,400 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $272.80, FICA Medicare taxes of $63.80, federal income taxes of $468.60, and medical insurance deductions of $187.00. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. Note: Round your final answers to 2 decimal places. View transaction list Journal entry worksheet 1 Record payroll for period. Note: Enter debits before credits. Date January 31 + General Journal Debit Credit X

During the month of January, an employee earned $5, 800 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $359.60, FICA Medicare taxes of $84.10, federal income taxes of $617.70, and medical insurance deductions of $246.50. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. Note: Round your final answers to 2 decimal places.

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The post-closing trial balance of Custer Products, Inc. on April 30 isreproduced as follows:

Compute Dale Earnhardt's earnings knowing that $15.55 per hour is paid for Job A and $19.65 per hour is paid for Job B. Of the 48 hours worked during the week, 20 hours were completed for Job A and 28 hours were completed for Job B. Higher Rate for Overtime Hours Regular Hours, Job A Regular Total Pay, Job A Regular Hours, Job B Regular Total Pay, Job B Overtime Hours Overtime Total Pay Total Gross Pay Based on Actual Hours Worked Regular Hours, Job A Regular Total Pay, Job A Regular Hours, Job B Regular Total Pay, Job B Overtime Hours Overtime Total Pay Total Gross Pay Rate after the 40th Hour Note: In this scenario, the overtime hours can be attributed to Jop A. Regular Hours, Job A Regular Total Pay, Job A Regular Hours, Job B Regular Total Pay, Job B Overtime Hours Overtime Total Pay Total Gross Pay

During the month of March, Oriole Company's employees earned wages of $80,000. Withholdings related to these wages were $6,120 for FICA $9,600 for federal income tax, $4,000 for state income tax, and $480 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $800 for state unemployment tax. (a) Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Mar. 31 Debit Credit NO

This problem continues the computing and recording employee payroll for the Olney Company for the pay period ending January 8th, 20--. Tasks previously performed include determining gross earnings, FICA withholding, federal, state and city taxes. These computations are shown in the Employee Payroll Register. Requirements: Compute and record the employee's SUTA contributions. Compute and record the Olney Company's SUTA and FUTA contributions. Payroll Register The State Unemployment Tax Act, better known as SUTA, is a form of payroll tax that all states require employers to pay for their employees. SUTA is a counterpart to FUTA, the federal unemployment insurance program. Your tasks now are to compute FUTA and SUTA. Complete the following step: Compute and record the employee's SUTA contributions (employees pay 0.06% on total gross pay). Note: Round your final answers to nearest cent. ONLEY COMPANY, INC.Employee Payroll Register For Period Ending January 8, 20--   EARNINGS…