Question

Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1. At regular rate 2. At overtime rate $67,700 3. Total earnings Deductions: 4. Social security tax 5. Medicare tax 6. Income tax withheld 7. Medical insurance 27,060 6,765 115,100 15,600 8. Union dues 9. Total deductions 167,000 10. Net amount paid $284,000 Accounts debited: 239,000 11. Factory Wages 12. Sales Salaries 13. Office Salaries 90,200

Answer 1

a
(1)	383300
(3)	451000
(8)	2475
(12)	121800
b
Factory wages expense	239000
Sales salaries expense	121800
Office Salaries expense	90200
Social security tax payable		27060
Medicare tax payable		6765
Employees income tax payable		115100
Medical insurance payable		15600
Union dues payable		2475
Salaries payable		284000
c
Salaries payable	284000
Cash		284000
Workings:
Net amount paid	284000
Add: Total deductions	167000
Total earnings	451000
Total earnings	451000
Less: At overtime rate	67700
At regular rate	383300
Total deductions	167000
Less:
Social security tax	27060
Medicare tax	6765
Income tax withheld	115100
Medical insurance	15600
= Union dues	2475
Total earnings	451000
Less:
Factory Wages	239000
Office Salaries	90200
= Sales Salaries	121800