Please fill out the payroll summary below for Throwback Industries Inc. for the week ended December 9. 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). Payroll for Week Ending December 9 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 U.S. Savings Bond Total Net Pay Ck. No. Sales Salaries Expense Office Salaries Expense 3 Aaron 46.00 $750.20 $100.00 #901 4 Cobb 41.00 537.68 110.00 #902 5 Clemente 48.00 832.64 120.00 #903 6 DiMaggio 35.00 366.04 #904 7 Griffey, Jr. 45.00 641.84 130.00 #905 8 Mantle 342.45 120.00 #906 9 Robinson 36.00 382.56 130.00 #907 10 Williams 398.24 125.00 #908 11 Vaughn 42.00 584.72 50.00 #909 12 $4,836.37 $885.00 2. Please fill out the 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. ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 5 6 7 References/ additional information:
Please fill out the payroll summary below for Throwback Industries Inc. for the week ended December 9. 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). Payroll for Week Ending December 9 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 U.S. Savings Bond Total Net Pay Ck. No. Sales Salaries Expense Office Salaries Expense 3 Aaron 46.00 $750.20 $100.00 #901 4 Cobb 41.00 537.68 110.00 #902 5 Clemente 48.00 832.64 120.00 #903 6 DiMaggio 35.00 366.04 #904 7 Griffey, Jr. 45.00 641.84 130.00 #905 8 Mantle 342.45 120.00 #906 9 Robinson 36.00 382.56 130.00 #907 10 Williams 398.24 125.00 #908 11 Vaughn 42.00 584.72 50.00 #909 12 $4,836.37 $885.00 2. Please fill out the 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. ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 5 6 7 References/ additional information:
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 4PA
Related questions
Question
1. Please fill out the payroll summary below for Throwback Industries Inc. for the week ended December 9. 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).
Payroll for Week Ending December 9
|
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
|
U.S. Savings Bond
|
Total
|
Net Pay
|
Ck. No.
|
Sales Salaries Expense
|
Office Salaries Expense
|
3
|
Aaron
|
46.00
|
|
|
|
|
|
$750.20
|
$100.00
|
|
|
#901
|
|
|
4
|
Cobb
|
41.00
|
|
|
|
|
|
537.68
|
110.00
|
|
|
#902
|
|
|
5
|
Clemente
|
48.00
|
|
|
|
|
|
832.64
|
120.00
|
|
|
#903
|
|
|
6
|
DiMaggio
|
35.00
|
|
|
|
|
|
366.04
|
|
|
|
#904
|
|
|
7
|
Griffey, Jr.
|
45.00
|
|
|
|
|
|
641.84
|
130.00
|
|
|
#905
|
|
|
8
|
Mantle
|
|
|
|
|
|
|
342.45
|
120.00
|
|
|
#906
|
|
|
9
|
Robinson
|
36.00
|
|
|
|
|
|
382.56
|
130.00
|
|
|
#907
|
|
|
10
|
Williams
|
|
|
|
|
|
|
398.24
|
125.00
|
|
|
#908
|
|
|
11
|
Vaughn
|
42.00
|
|
|
|
|
|
584.72
|
50.00
|
|
|
#909
|
|
|
12
|
|
|
|
|
|
|
|
$4,836.37
|
$885.00
|
|
|
|
|
|
2. Please fill out the 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.
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
---|---|---|---|---|---|---|---|---|
1
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
4
|
|
|
|
|
|
|
|
|
5
|
|
|
|
|
|
|
|
|
6
|
|
|
|
|
|
|
|
|
7
|
|
|
|
|
|
|
|
|
References/ additional information:
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 2 images
Recommended textbooks for you
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage