a. Prepare a payroll sheet for January 16 to 31 and make an entry to record the payroll. b. Compute for employer's contribution and make an entry to record the liabilities. The following are the employees of Music Museum: Semi Monthly Salary P 10,000 7,500 5,000 Cash Advance Position Secretary e Santos ey Yu Chavez January 19 P500 Cashier Clerk
a. Prepare a payroll sheet for January 16 to 31 and make an entry to record the payroll. b. Compute for employer's contribution and make an entry to record the liabilities. The following are the employees of Music Museum: Semi Monthly Salary P 10,000 7,500 5,000 Cash Advance Position Secretary e Santos ey Yu Chavez January 19 P500 Cashier Clerk
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 5RE
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![a. Prepare a payroll sheet for January 16 to 31 and make an entry to record the payroll.
b. Compute for employer's contribution and make an entry to record the liabilities.
The following are the employees of Music Museum:
Semi Monthly Salary
P 10,000
Position
Cash Advance
Secretary
Cashier
Rose Santos
Shirley Yu
Ben Chavez
7,500
January 19 P500
5,000
Clerk](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0399aa37-24d3-457b-8df7-bafa7dc4b1c3%2Fa5b16f03-eefe-4434-91b4-f611ce3de5a0%2Fib8hq3o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a. Prepare a payroll sheet for January 16 to 31 and make an entry to record the payroll.
b. Compute for employer's contribution and make an entry to record the liabilities.
The following are the employees of Music Museum:
Semi Monthly Salary
P 10,000
Position
Cash Advance
Secretary
Cashier
Rose Santos
Shirley Yu
Ben Chavez
7,500
January 19 P500
5,000
Clerk
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