Solution-Make a journal entries for distribution of payroll

Make a journal entries for distribution of payroll

Assignment Help Cost Accounting

Reference no: EM132634329

Cedy is an employee of NPP Incorporated. He is earning a salary (gross) of p 50,000 a month. Assume that Cedy is a mechanical engineer who operates the machine used in production.The following deductions and contributions pertaining to him an his employer are as follows:

Employee Employer

Withholding tax on compensation P 6,304 -

SSS contributions 800 P 1,600

Philhealth contributions 550 550

HDMF contributions 100 100

EC contribution - 30

Required:

Question 1: Journal Entries

Distribution of payroll (no need to set up payroll fund, assumed paid)
Accruals of employer's contribution

Reference no: EM132634329

Questions Cloud

Define gloria from humanistic or psychoanalytic perspective : Describe Gloria from either the humanistic OR the psychoanalytic perspective of personality development. Describe Gloria from Erickson's lifespan development.

COMP3702 Artificial Intelligence Assignment : COMP3702 Artificial Intelligence Assignment Help and Solution, University of Queensland - Assessment Writing Service - Continuous motion planning in CANADARM

What is the impact on profit for the year : What is the impact on profit for the year if Alpine accepts the special order? (Enter your answers in thousands of dollars. Select option "higher" or "lower")

Benchmark-diversity in leadership : The conflict between the boomers and millennials has become more hostile and team meetings unproductive.

Make a journal entries for distribution of payroll : Journal Entries for Distribution of payroll (no need to set up payroll fund, assumed paid) and Accruals of employer's contribution

American government-explain the social safety net : Explain the social safety net. Explain the distributive policy and the redistributive policy.

Explain the responsibilities of the strategic leaders : Explain the responsibilities of the strategic leaders with regard to staffing and organising and ensuring human capital for strategy implementation

How historical scientific discovery impacts our world today : Identify the major historical scientific discovery that is the foundation for the natural science news story you have examined throughout the course.

Which of the accurately depicts the? results : If year-end inventory is reduced from cost to a lower net realizable? value, which of the following accurately depicts the? results?

User Account

All Pages

Make a journal entries for distribution of payroll

Reference no: EM132634329

Reference no: EM132634329

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT