John Torre is the only employee of Bambert Company. His pay rate is $19.70 per hour with an overtime rate of 1½ times for hours over 40 in a workweek.For the week ending March 31, 20--, he worked 44 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay. Part D: Torre's Salary in the First Quarterd. Since the company holds back one week of pay, Torre will not be paid until April 7, 20--. What adjusting entry would the companymake in order to record Torre's salary in the first quarter of this year?If an amount box does not require an entry, leave it blank.AccountDebitCredit Part A: Regular Pay, Part B: Overtime Premium Pay, and Part C: Gross PayRound your answers to the nearest cent.a. Regular payb. Overtime premium payc. Gross pay

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Answered: Calculate his gross pay for the week…

Business

Accounting

Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay.

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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