The Accounts with Identification Letters for Ward Company Are Listed

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The accounts with identification letters for Ward Company are listed below. $$\begin{array} { l l } \text { Letter } & \text { Account Title } \\\text { A } & \text { Cash } \\\text { B } & \text { Accounts receivable } \\\text { C } & \text { Office supplies } \\& \text { inventory } \\\text { D } & \text { Equipment } \\\text { E } & \text { Land } \\\text { F } & \text { Accounts payable } \\\text { G } & \text { Notes payable } \\\text { H } & \text { Contributed capital } \\\text { I } & \text { Retained earnings }\end{array}$$ During 2010,the company completed the transactions given below.You are to indicate the appropriate journal entry for each transaction by giving the account letter and amount.Some entries may need three letters.The first transaction is given as an example.

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Definitions:

Overtime Pay

Additional compensation provided to employees for hours worked beyond their standard working hours.

Federal and State Income Tax

Taxes imposed by the federal and state governments on taxable income earned by individuals and corporations.

Federal Insurance Contributions Act

A U.S. law that mandates a payroll tax on the paychecks of employees, as well as contributions from employers, to fund the Social Security and Medicare programs.

Cumulative Gross Earnings

The total gross income earned by an individual or entity before any deductions over a given period.