Howie jewelers uses a perpetual inventory system and had the following purchase transactions. journalize all necessary transactions. explanations are not required. (click the icon to view the transactions.) journalize all necessary transactions in the order they are presented in the transaction list. (record debits first, then credits. exclude explanations from journal entries. round all numbers to the nearest whole dollar.) jun. 20: purchased inventory of $ 5 comma 100 on account from sanders diamonds, a jewelry importer. terms were 2/15, n/45, fob shipping point.

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60