Please help I just need to fix the red boxes and fill in the blanks The followin

Question

Please help I just need to fix the red boxes and fill in the blanks

The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 2016: Employee Aaron Cobb Clemente DiMaggio Griffey, Jr Mantle Robinson Williams Vaughn Hours Worked Hourly Rate Weekly Salary Federal Income Tax U.S. Savings Bonds 43 43 45 39 48 $70 58 64 52 64 $689.44 539.92 668.44 377.80 749.08 317.45 387.32 426.24 770.08 $140 150 160 0 170 160 170 165 40 $1,700 38 53 2,100 48 64 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1 ½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901

Explanation / Answer

Solution:

1) Preparing a Payroll Register for Throwback Industries:

Throwback Industries Inc.

Payroll Register

For the week ended Dec 9 2016

2) Preparing the Journal Entry to Record the Payroll for the Week:

Throwback Industries Inc.

Payroll Register

For the week ended Dec 9 2016

Earnings Earnings Earnings Deductions Deductions Deductions Deductions Deductions Paid Paid Account Debited Account Debited Employee Total Hours Regular Overtime Total Social Secutiry Tax Medicare Tax Fedral Income Tax U.S Savings Bond Total Net Pay Ck.No Sales Salaries Expense Office Salaries Expense Aaron 43.00 2,800.00 315.00 3,115.00 186.90 46.73 689.44 140.00 1,062.57 2,052.43 #901 3,115.00 Cobb 43.00 2,320.00 261.00 2,581.00 154.86 38.72 539.92 150.00 883.50 1,697.50 #902 2,581.00 Clemente 45.00 2,560.00 480.00 3,040.00 182.40 45.60 668.44 160.00 1,056.44 1,983.56 #903 3,040.00 DiMaggio 39.00 2,028.00 2,028.00 121.68 30.42 377.80 0 529.90 1,498.10 #904 2,028.00 Grifey Jr 48.00 2,560.00 768.00 3,328.00 199.68 49.92 749.08 170.00 1,168.68 2,159.32 #905 3,328.00 Mantle 1,700.00 102.00 25.50 317.45 160.00 604.95 1,095.05 #906 1,700.00 Robinson 38.00 2,014.00 2,014.00 120.84 30.21 387.32 170.00 708.37 1,305.63 #907 2,014.00 Williams 2,100.00 126.00 31.50 426.24 165.00 748.74 1,351.26 #908 2,100.00 Vaughn 48.00 2,560.00 768.00 3,328.00 199.68 49.92 770.08 40.00 1,059.68 2,268.32 #909 3,328.00 Total $23,234.00 $1,394.04 $348.52 $4,925.77 $1,155.00 7,823.33 15,410.67 $19,434 $3,800

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