Time cards are being entered into the accounting system for four employees. The costs for Employee 1 areto be billed to job cost code 302.01.01100L. Ten hoursof Employee 2 time is to be billed to job cost code302.01.06110L and the remaining 30 hours are to bebilled to job cost code 302.01.06210L. Employee 3 tookvacation this entire week and Employee 4 works in themain office. The employee costs and deductions withheld from the employee's check are shown in Table 3-1.Using the chart of accounts in Figure 2-1 , determine thechanges to the balance sheet, income statement, job costledger, and equipment ledger as the result of entering
Peterson MBA PE, Steven. Construction Accounting & Financial Management (Page 48). Pearson Education. Kindle Edition.