Solution-Prepare journal entries to record December Payroll

Prepare journal entries to record December Payroll

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Reference no: EM132567096

Question - J Company paid employees at the end of each month. The payroll for December revealed the following:

	Office Staff	Officers	Sales Staff
Gross Payroll	154,000	310,000	200,000
Income tax	24,000	63,000	42,000
SSS	8,000	9,000	8,500
Philhealth	4,500	10,000	6,000
Pagibig	4,000	5,000	4,500

The employer's contributions in relation to the December payroll are as follows:

	Office Staff	Officers	Sales Staff
SSS	10,000	5,000	11,000
Philhealth	6,000	11,000	8,000
Pag Ibig	5,000	7,000	6,000

Required - Prepare journal entries to record December Payroll and the accrual of the employer's contribution.

Reference no: EM132567096

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Prepare journal entries to record December Payroll

Reference no: EM132567096

Reference no: EM132567096

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