Solution-Prepare general journal entry to distribute the

Prepare general journal entry to distribute the payroll cost

Reference no: EM132148455

Question - A summary of labor costs and associated deductions for the month of July follows:

	Gross	PAYG Tax	Super	Medical Fund
Direct labour	40,000	12,000	2,000	200
Indirect labour	8,000	2,400	400	40
	48,000	14,400	2,400	240
Sales salaries	17,200	5,160	860	120
	65,200	19,560	3,260	360

Required:

a) Prepare general journal entry to distribute the Payroll Cost.

b) Prepare general journal entry to record the Payroll Liability.

Reference no: EM132148455

Questions Cloud

Develop a plan for measuring the marketing program : Make at least four marketing mix recommendations for implementation during the next year. Include a rationale for the recommendations, as well as operational.

Discuss the link between strategy and performance : Select an industry and discuss 2 rival firms in that industry and how they illustrate the difference between strategy and performance

Identify porter five forces : Using the automobile industry,and identify Porter's five forces and describe how each applies to the industry.

Illustrate porter statement : Michael Porter says that" the essence of strategy is choosing what not to do." Using a company of your choice, illustrate Porter's statement.

Prepare general journal entry to distribute the payroll cost : A summary of labor costs and associated deductions for the month of July follows: Prepare general journal entry to distribute the Payroll Cost

What did you learn from the experience : What did you learn from this experience overall and the factors and influences that play a part in you the consumer's decision making process.

What kinds of elements did they standardize : Post your response to the following questions in Discussion Board #4 (and respond professionally to three colleagues): What are the historical roots of King's?

Foundation of capitalism and the pursuit of dreams : Through history, free enterprise and open markets have been the foundation of capitalism and the pursuit of dreams.

Strength-based approach meet with purposes : Identify other purposes for performance appraisal. How well does a strength-based approach meet with these purposes?

User Account

All Pages

Prepare general journal entry to distribute the payroll cost

Reference no: EM132148455

Reference no: EM132148455

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT