Time cards are being entered into the accounting system for four employees. The cost for employee 1 are to be billed to job cost code 302.01.01100L Then hours of Employee 2 time is to be billed to job cost code 302.010610L 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 fro the employees check are shown in table 3-1 using the chart of accounting in fig. 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.
