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  3. 2 the time cards are being entered into the accounting...

Question: 2 the time cards are being entered into the accounting...

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2. The 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 employees 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 accounting system: Employee (S) Total Employers Costs Wages 600.00 400.00 350.00 500.00 31.00 1,850.00 Social Security 37.20 8.70 24.80 5.80 12.00 3.20 8.00 36.00 40.00 29.79 21.70 5.08 10.50 2.80 7.00 31.50 40.00 27.51 114.70 Medicare SUTA FUTA Liability Insurance Workers Comp Health Insurance Vacation 7.25 26.83 15.00 4.00 55.50 4.80 12.00 54.00 40.00 38.92 14.80 37.00 136.50 10.00 15.00 40.00 33.20 160.00 129.42 2,524.75 Total 813.62 559.59 496.09 655.45 Employee Deductions Social Security 24.80 5.80 29.85 24.00 60.00 21.70 5.08 22.35 21.00 60.00 31.00 7.25 44.85 30.00 60.00 114.70 26.83 156.90 111.00 60.00 8.70 Federal Withholdings State Withholdings 36.00 60.00 Health Insurance 649
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