In the following summary of data for payroll periid,some amounts have been inten

Question

In the following summary of data for payroll periid,some amounts have been intentionally omitted

a. calculate the amounts omitted in lines (1), (3), (8),and 12.
b. journalize the entry to record the payroll accrual. If an amount box does not require an entry,leave it blank.
Please show all workings so I can understand the calculations

h 11-3 Exercises and Problems eBool Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally onitted Earnings: 1. At regular rate 2. At overtime rate 3. Total earnings $49,500 Deductions: 4. Social security tax 5. Medicare tax 6. Income tax withheld 7. Medical insurance 8. Union dues 9. Total deductions 10. Net amount paid 19,800 4,950 84,200 11,400 122,000 208,000 Accounts debited: 174,900 11. Factory Wages 12. Sales Salaries 13. Office Salaries 66,000

Explanation / Answer

Computation of Total Earnings (line 3)

Total earnings = Total Deductions (line 9) + Net Amount paid (line 10) = 122000+208000 = 330000

Computation of Earnings at Regular Rate (line 1)

Earnings at Regular rate = Total Earnings (line 3) - Earnings at Overtime Rates (line 2) = 330000 - 49500 = 280500

Computation of Union Dues (line 8)

Deduction for Union Dues = Total Deductions (line 9) - Sum of deductions for which amount is provided (line 4 to line 7) = 122000 - (19800+4950+84200+11400) = 122000 - 120350 = 1650

Computation of Sales Salaries account debit (line 12)

Sales Salaries accounts debited = Total Earnings (line 3) - Debit to Factory wages (line 11) - Debit to office salaries (line 13) = 330000 - 174900 - 66000 = 89100

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