P4-3 Roppongi Company Incurred payroll for the week of P100,000, which consists of P70,000 Required: Prepare the journal entries to: (a) distribute the weekly payroll and to (b) accrue eaned by 20 production workers and P30,000 earned by 10 sales workers. Roppongi also estimated that annual bonus of P432,000 will be paid at year end. All employees are entitled to 4-week paid vacatio and 10 paid holidays. the bonus, vacation and holiday pay.

P4-3 Roppongi Company Incurred payroll for the week of P100,000, which consists of P70,000 Required: Prepare the journal entries to: (a) distribute the weekly payroll and to (b) accrue eaned by 20 production workers and P30,000 earned by 10 sales workers. Roppongi also estimated that annual bonus of P432,000 will be paid at year end. All employees are entitled to 4-week paid vacatio and 10 paid holidays. the bonus, vacation and holiday 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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