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Provide the weekly journal entries to record the recognition

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Reference no: EM132621655

Jerry Lopez works for lightning Bolt Ltd. His annual salary is $ 100,000 and he is paid weekly. As part of his employment agreement, he is entitled to four weeks annual leave year. He receives a leave loading of 17.5%.

Required:

Question 1: Provide the weekly journal entries to record the recognition of Jerry Lopez's annual leave entitlements.

Question 2: Provide the appropriate journal entries, assuming that Jerry Lopez takes two weeks' annual leave after being employed for one year assuming that the tax deducted from the payment for two weeks is $ 1,200

Reference no: EM132621655

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