LABORThe following workers of 888 Millenial Sardines, Inc. with their compensation and status are given below:MonthlyNo.Name of WorkerPositionMonthly Basic PayAllowancesProduction OperatorAccounting Manager15,000.0040,000.0018,000.0022,000.0030,000.0020,000.0025,000.0012,000.0013,000.0026,000.00Lei KalangIselle Balibago115,000.001,500.00500.0023Dino DineroProduction Staff I4Robin DevelaAssembler IIIMarketing SupervisorProduction Staff II5,000.001,500.00Rickman De GuzmanMa. Pepsi NicolaLiwayway DalamhatiXander ToyotaRafael RodriguezSheryl Delara6Purchasing StaffCompany DriverMaintenance Staff7910Assembler V1,000.00Other Information:А.Assume that the payroll period is every 15th and 30th of the month.SSS, HDMF and PHIC contributions are deducted every 30th of the monthWithholding tax is deducted every 15th and 30th of the month.Lei Kalang has a monthly SSS salary loan amortization of P 500 and Liwayway Dalamhatihas a monthly HDMF salary loan amortization of P 750.В.С.D.Required:1. Prepare a payroll worksheet for the 15th and 30th of September.2. Prepare the journal entries for the 15th and 30th of September.

Payroll Payroll is considered to be one of the important part in the entity financial affairs.…

LABOR The following workers of 888 Millenial Sardines, Inc. with their compensation and status are given below: Monthly Allowances No. Name of Worker Position Monthly Basic Pay 15,000.00 40,000.00 18,000.00 22,000.00 30,000.00 20,000.00 25,000.00 12,000.00 13,000.00 Lei Kalang Iselle Balibago Production Operator Accounting Manager Production Staff I 1 15,000.00 1,500.00 500.00 2 3 Dino Dinero 4 Robin Devela Assembler III Marketing Supervisor Production Staff II 5,000.00 1,500.00 Rickman De Guzman Ma. Pepsi Nicola Liwayway Dalamhati Xander Toyota Rafael Rodriguez Purchasing Staff Company Driver Maintenance Staff 7 8 9.

LABOR The following workers of 888 Millenial Sardines, Inc. with their compensation and status are given below: Monthly Allowances No. Name of Worker Position Monthly Basic Pay 15,000.00 40,000.00 18,000.00 22,000.00 30,000.00 20,000.00 25,000.00 12,000.00 13,000.00 Lei Kalang Iselle Balibago Production Operator Accounting Manager Production Staff I 1 15,000.00 1,500.00 500.00 2 3 Dino Dinero 4 Robin Devela Assembler III Marketing Supervisor Production Staff II 5,000.00 1,500.00 Rickman De Guzman Ma. Pepsi Nicola Liwayway Dalamhati Xander Toyota Rafael Rodriguez Purchasing Staff Company Driver Maintenance Staff 7 8 9.

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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