Scribd Logo
Upload

Welcome to Scribd!

  • 101 views

    Acn Chapter 6 Payroll and Other Selected Trans

    Uploaded by

    Lady Zyanien Devaras
    1. The document contains payroll information for 4 employees - Ted Flores, Rose Santos, Shirley Yu, and Ben Chavez - listing their position, gross pay, social security, philhealth, and HDMF deductions. 2. It also shows that Rose Santos received a P500 cash advance on July 19. 3. The total deductions and net pay for each employee is calculated.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Acn Chapter 6 Payroll and Other Selected Trans

    Uploaded by

    Lady Zyanien Devaras
    101 views10 pages
    1. The document contains payroll information for 4 employees - Ted Flores, Rose Santos, Shirley Yu, and Ben Chavez - listing their position, gross pay, social security, philhealth, and HDMF deductions. 2. It also shows that Rose Santos received a P500 cash advance on July 19. 3. The total deductions and net pay for each employee is calculated.

    Original Description:

    ACN PAYROLL

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1. The document contains payroll information for 4 employees - Ted Flores, Rose Santos, Shirley Yu, and Ben Chavez - listing their position, gross pay, social security, philhealth, and HDMF deductions. 2. It also shows that Rose Santos received a P500 cash advance on July 19. 3. The total deductions and net pay for each employee is calculated.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    101 views10 pages

    Acn Chapter 6 Payroll and Other Selected Trans

    Uploaded by

    Lady Zyanien Devaras
    1. The document contains payroll information for 4 employees - Ted Flores, Rose Santos, Shirley Yu, and Ben Chavez - listing their position, gross pay, social security, philhealth, and HDMF deductions. 2. It also shows that Rose Santos received a P500 cash advance on July 19. 3. The total deductions and net pay for each employee is calculated.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    Semi monthly salary Position Cash Advance

    Ted Flores 15,000 Accountant


    Rose Santos 10,000 Secretary July 19 P500
    Shirley Yu 12,500 Cashier
    Ben Chavez 7,500 Clerk

    1) A Ted Flores Semi-Montly Salary 1) B


    Gross pay 15,000
    less: SSS 675
    PHILHEALTH 300
    PAG-IBIG 50 1025

    Rose Santos Semi-Monthly Salaray


    Gross pay 10,000
    less: SSS 450
    PHILHEALTH 200
    PAG-IBIG 50 700

    Shirley Yu Semi-Montly Salary


    Gross pay 12,500
    less: SSS 562.5
    PHILHEALTH 250
    PAG-IBIG 50 862.5

    Ben Chavez Semi-Monthly Salary


    Gross pay 7,500
    less: SSS 337.5
    PHILHEALTH 150
    PAG-IBIG 50 537.5
    (5) GROSS PRICE 750000 7)
    LESS 15000 DATE
    735000

    REPAIR 1500
    ASSEMBLY LOST 150000
    PLATFORM 25000
    911500

    11) A B C
    Face Value 8000 50000 10000
    Date 42856 45383 41821
    Interest Rate 0.15 0.12 0.18
    Term 60 Days 45 Days 75 Days
    Maturity Date 42552 39600 46631
    Interest on Note 200 750 375
    Maturity Value 8200 50750 10375

    12) AIR MANILA ENTRIES


    DATE PARTICULARS
    Dec-15 Repair Expense
    Notes Payable
    To record repair expense on notes

    Feb-13 Notes Payable


    Interest Expense
    Cash on Hand

    Paid amount owed and interest expense

    DECENA'S ELECTRONICS SERVICES ENTRIES


    DATE PARTICULARS DEBIT
    Dec-15 Accounts Receivable 15000
    Service Income
    To record service rendered

    Feb-13 Cash on hand 15150


    Interest income
    Accounts Receivable
    To record cash received and interest income

    13) CBC BANK ENTRIES


    PARTICULARS
    Apr-24 Notes Receivable
    Cash on Hand
    To record promissory note

    Jun-08 Cash on Hand


    Interest Income
    Notes Receivable
    To record cash received and inte

    MASTER WORK ENTRY


    DATE PARTICULARS
    Apr-24 Cash on Hand
    Notes Payable
    To record cash received

    Jun-08 Notes Payable


    Interest Expense
    Cash on hand
    Paid owed and interest expense
    1) C

    Names Position Gross Pay Withholding Tax


    Ted Flores Accountant 15000 711.6
    Rose Santos Secretary 10000
    Shirley Yu Cashier 12500 244.1
    Ben Chavez Clerk 7500
    45000 955.7

    Ted Flores Semi-Montly Salary


    Gross pay 15,000 Date
    less: SSS 675 Jul-31
    PHILHEALTH 300
    PAG-IBIG 50 1025
    Net Taxable Income 13,975
    Withholding tax 711.6

    Rose Santos Semi-Monthly Salaray


    Gross pay 10000
    less: SSS 450
    PHILHEALTH 200
    PAG-IBIG 50 700 1) D EMPLOYER'S CONTRIBUTION
    Net Taxable Income 9,300 Ted Flores
    Withholding tax Rose Santos
    Shirley Yu
    Shirley Yu Semi-Montly Salary Ben Chavez
    Gross pay 12,500
    less: SSS 562.5
    PHILHEALTH 250
    PAG-IBIG 50 862.5 1) E
    Net Taxable Income 11,637.50 DATE
    Withholding tax 244.1 Jul-31

    Ben Chavez Semi-Monthly Salary


    Gross pay 7500
    less: SSS 337.5
    PHILHEALTH 150
    PAG-IBIG 50 537.5
    Net Taxable Income 6,962.50
    Withholding tax

    DATE
    Aug-10
    ENTRIES
    PARTICULARS DEBIT CREDIT
    Machine 911,500
    Cash on bank 911,500
    Cash purchase of machine

    Cash on bank 911,500


    Accumulated 1,200,000
    Depreciation on sale

    Gain of the machine 288,500

    D
    15000
    42339
    0.06
    60 Days 6) A, ACQUISITION
    41306 ENTRY
    150 DATE PARTICULARS
    15150 Machine
    Cash in bank to record purchase

    Machine
    DEBIT CREDIT Cash on hand
    15000
    15000 Cash paid for assembly,repair and platform

    6)B, PAYMENT
    15000 ENTRY
    15000 DATE PARTICULARS
    Cash in bank
    Furniture/machine
    erest expense Receive cash for equipment

    ERVICES ENTRIES Cash


    CREDIT Payments

    15000 6) C,ASSEMBLY AND PLATFORM


    DATE PARTICULARS
    Assembly
    Platform
    150 Cash on hand
    15000
    d and interest income 6) D, REPAIR EXPENSE
    DATE PARTICULARS
    Repair
    Cash on hand

    DEBIT
    50000
    50000
    ord promissory note

    50750
    50000
    750
    ecord cash received and interest income

    WORK ENTRY
    DEBIT CREDIT
    50000
    50000
    ord cash received

    50000
    750
    50750
    owed and interest expense
    MUSIC MUSEUM
    PAYROLL SHEET
    For the period of July 16 to 31 , 2022
    Social Security Philhealth HDMF Advances Total Deduction Net Pay
    675 300 50 1,736.60 13,263.40
    450 200 50 500 1200 8,800
    562.5 250 50 1,106.60 11,393.40
    337.5 150 50 537.5 7,362.50
    2025 900 200 500 4,580.70 40,819.30

    Partuculars Debit Credit


    Salary Expense 45,000
    withholding taxes payable 955.7
    SS premiums payable 2025
    philhealth premiums payable 900
    HDMF premiums payable 200
    advances to employees 500
    cash in bank 4,580.70
    to record the payroll
    for the second half of july

    SSS PHILHEALTH EC HDMF TOTAL


    1,275 300 30 50 1,655
    850 200 10 50 1110
    1,062.50 250 10 50 1,372.50
    637.5 150 10 50 847.5
    3,825 900 60 200 4,985

    ENTRY
    PARTICULARS DEBIT CREDIT
    SSS PREMIUM EXPENSE 3,825
    NHIP PREMIUM EXPENSE 900
    EC PREMIUM EXPENSE 60
    HDMF PREMIUM EXPENSE 200
    SSS PREMIUM PAYABLE 3825
    NHIP PREMIUM PAYABLE 900
    EC PREMIUM PAYABLE 60
    HDMF PREMIUM PAYABLE 200

    ENTRIES
    PARTICULARS DEBIT CREDIT
    withholding taxes payable 1911.4
    cash in bank 1911.4
    paid withholding taxes to
    the bir

    SSS premiums payable 7875


    EC premiums payable 60
    Cash in bank 7935
    paid to SSS

    Philhealth premium payable 1800


    cash in bank 1800
    paid to philhealth premiums

    HDMF premium payable 400


    cash in bank 400
    paid to HDMF

    DEBIT CREDIT
    911500
    911500

    176500
    176500

    y,repair and platform

    DEBIT CREDIT
    911500
    911500

    176500
    176500

    DEBIT CREDIT
    150000
    25000
    175000
    DEBIT CREDIT
    1500
    1500
    Signiture

    You might also like