Response to the following problem:
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 $ 32,500
3. Total earnings ?
Deductions:
4. FICA tax 15,165
5. Income tax withheld 29,500
6. Medical insurance 3,150
7. Union dues ?
8. Total deductions 50,000
9. Net amount paid 161,000
Accounts debited:
10. Factory Wages 121,600
11. Sales Salaries ?
12. Office Salaries 34,300
a. Calculate the amounts omitted in lines (1), (3), (7), and (11).
b. Record the entry for the payroll accrual.
c. Record the entry for paying the payroll.