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Problem - Sonia Company reported gross payroll of P600,000 for the month of January. The entity paid the payroll net of the following deductions:
Income tax 70,000
SSS 10,000
Philhealth 5,000
Pagibig 7,000
In addition, the entity recognized its additional contributions for the following in relation to January payroll:
SSS 15,000
Philhealth 6,000
Pagibig 8,000
Required - What is the total payroll tax liability?
What should you do if the president suggests that these actions are taken in every division of 321
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Materials are included at the start of the production process but conversion costs are uniformly applied throughout the production process. The following data about the Packaging Department were taken from the company's accounting records:
complete the following two questions. submit journal entries in an excel file and written segments in an ms word
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Journalize the entries to record the omitted adjustments.
Bank Reconciliation Use the following information to create a bank reconciliation for Dylan Company at April 30: Balance per Cash account, April 30, $6,042.10
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