Time cards are being entered into the accounting system for four employees.
The costs for Employee 1 are to be billed to job cost code 302.01.01100L.
Ten hours of Employee 2 time is to be billed to job cost code 302.01.06110L
and the remaining 30 hours are to be billed to job cost code 302.01.06210L.
Employee 3 took vacation this entire week and Employee 4 works in the main office. The employee costs and deductions withheld from the employee’s check are shown below. 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 entering the employees’ time into the accountingsystem:
