ssume two companies just merged and you are trying to combine the data for each company to analyze payroll for all employees. Employees at Company A submit their hours each week and are paid biweekly. Employees at Company B submit their hours for a month and are paid monthly. Describe how the data is likely stored by the two companies and how you would manipulate the data before it can be merged together.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.