Homework Help is Here – Start Your Trial Now!
Business
Accounting
NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed:

NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
icon
Concept explainers
Question

5)  How much will be the total amount of remittance to BIR? 

An analysis of the job time tickets and payroll records showed: No. Job No. Mon Tues Wed Thurs Fri Sat 001 Supervisor 701 8. 8. 8. 8 8. 8. 002 5 702 2 2 7. 003 701 8. 4 702 8 8. 8. 4 004 702 4 2 4 703 8. 6. 8. 5 005 703 4 8 704 006 704 4 7 6. 4 705 4 2. 4 007 704 8. 705 Previous earnings in June (November I- 24) No. 001 19,210.00 16,204.00 002 003 12.814.00 004 12,706.00 12,528.00 005 006 16,102.00 007 14,538.00
Transcribed Image Text:An analysis of the job time tickets and payroll records showed: No. Job No. Mon Tues Wed Thurs Fri Sat 001 Supervisor 701 8. 8. 8. 8 8. 8. 002 5 702 2 2 7. 003 701 8. 4 702 8 8. 8. 4 004 702 4 2 4 703 8. 6. 8. 5 005 703 4 8 704 006 704 4 7 6. 4 705 4 2. 4 007 704 8. 705 Previous earnings in June (November I- 24) No. 001 19,210.00 16,204.00 002 003 12.814.00 004 12,706.00 12,528.00 005 006 16,102.00 007 14,538.00
Exercise 4 - 8. PAYROLL PROCEDURES. NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed: Rate/hr P120 No. Tues Name Jake Tibs Mon 18 Wed 8. 8. Thurs Fri Sat 001 002 8. 8 4 80 003 Ramon 8. 8. 8. 8. 9. 4 70 004 Teddy 18. 8 4 70 005 Art 8. 70 006 Rene 8. 8. 80 007 Aga 8. 4. 4. 80
Transcribed Image Text:Exercise 4 - 8. PAYROLL PROCEDURES. NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed: Rate/hr P120 No. Tues Name Jake Tibs Mon 18 Wed 8. 8. Thurs Fri Sat 001 002 8. 8 4 80 003 Ramon 8. 8. 8. 8. 9. 4 70 004 Teddy 18. 8 4 70 005 Art 8. 70 006 Rene 8. 8. 80 007 Aga 8. 4. 4. 80
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Journal entries
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS