Using the below information, create a journal entry to move the costs of Jane, Jack, and Judy from the Corporate Services to the Corporate Special Project for personnel costs incurred from June 1 to August 22 (12 weeks). Each employee works only 7.5 hrs a day, Monday to Friday, and no Yukon Bonus costs should be included in the journal entry. Show your calculations. Name Pay Start Date Pay End Date Total Hours Regular Pay Yukon Bonus Benefits Total Pay Jane 1-Jan-15 2-Sep-15 772.50 37,387.17 2,242.00 8,139.70 47,768.87 June 1-Jan-15 2-Sep-15 832.50 29,516.71 2,242.00 7,115.29 38,874.00 Jack 1-Jan-15 2-Sep-15 453.95 16,174.01 1,116.52 3,587.91 20,878.44 Judy 1-Jan-15 2-Sep-15 847.50 34,849.88 2,242.00 7,243.37 44,335.25 James 1-Jan-15 2-Sep-15 476.85 16,793.96 1,257.82 3,970.12 22,021.90
Using the below information, create a journal entry to move the costs of Jane, Jack, and Judy from the Corporate Services to the Corporate Special Project for personnel costs incurred from June 1 to August 22 (12 weeks). Each employee works only 7.5 hrs a day, Monday to Friday, and no Yukon Bonus costs should be included in the journal entry. Show your calculations. Name Pay Start Date Pay End Date Total Hours Regular Pay Yukon Bonus Benefits Total Pay Jane 1-Jan-15 2-Sep-15 772.50 37,387.17 2,242.00 8,139.70 47,768.87 June 1-Jan-15 2-Sep-15 832.50 29,516.71 2,242.00 7,115.29 38,874.00 Jack 1-Jan-15 2-Sep-15 453.95 16,174.01 1,116.52 3,587.91 20,878.44 Judy 1-Jan-15 2-Sep-15 847.50 34,849.88 2,242.00 7,243.37 44,335.25 James 1-Jan-15 2-Sep-15 476.85 16,793.96 1,257.82 3,970.12 22,021.90
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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