Make proforma journal entries

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Reference no: EM133208517

Question

Make a pro-forma journal entries for the following:

a. Receipt of notice of cash allocation for salaries and personnel relief allowance

b. Recognize payable to employees with mandatory deductions: GSIS contributions, Pag-ibig contributions, Philhealth contributions, Withholding tax.

c. Grant of cash advance for the payment of salaries.

d. Liquidation of the cash advance

e. Remittance of the mandatory deductions

Reference no: EM133208517

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