3. Mr. Koala, a factory worker is paid P150 per hour for a regular work of 40 hours. During the week,Mr. Koala worked 45 hours and earned time and a half for overtime hours.Required: Prepare Journal EntriesA. If overtime premium is charged to the jobs worked during the overtime hours.B. If the overtime premium is not charged to specific jobs.

A. Date Accounts Amount Amount Wages [(45*150) +(5*150*50%)] $7,125…

Answered: 3. Mr. Koala, a factory worker is paid…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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