Name of Employee | Standard Hours | Over time | Rate per Hour | Standard Hours Amount | Over time Amount | Pension Contribution 5.5% | Pension Contribution 7.5% Asus Enterprises | Staff Union Contribution | SDL 1% | Gross Amount |
Monde | 40 | 8 | 26 | 1040 | 208 | 57.2 | 78 | 5 | 10.4 | 1398.6 |
Nancy | 35 | 0 | 36 | 1260 | 0 | 69.3 | 94.5 | 5 | 12.6 | 1441.4 |
Odelia | 40 | 4 | 46 | 1840 | 184 | 101.2 | 138 | 5 | 18.4 | 2286.6 |
Peter | 40 | 9 | 34 | 1360 | 306 | 74.8 | 102 | 5 | 13.6 | 1861.4 |
Journal of Asus Enterprises
Wages-Dr 1398.6
To Pension Payable (EE) 57.2
To Pension Payable (ER) 78
To Staff Union Contribution 5
To SDL Payable 10.4
To Monde Payable 1248
Wages-Dr 1441.4
To Pension Payable (EE) 69.3
To Pension Payable (ER) 94.5
To Staff Union Contribution 5
To SDL Payable 12.6
To Nancy Payable 1260
Wages-Dr 2286.6
To Pension Payable (EE) 101.2
To Pension Payable (ER) 138
To Staff Union Contribution 5
To SDL Payable 18.4
To Odelia Payable 2024
Wages-Dr 1861.4
To Pension Payable (EE) 74.8
To Pension Payable (ER) 102
To Staff Union Contribution 5
To SDL Payable 13.6
To Peter Payable 1666
Question 5 [34] WAGES JOURNAL During the week ending 26 June 2020, the following hourly paid...
Exercise on (Video) Blossom Company has the following balances in selected accounts on December 31, 2020 50 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Uneared Service Revenue 6.000 0 10,000 1,800 0 2.000 28.000 All the accounts have normal balances. The information below has been gathered at December 31, 2020, 1 3 4 Blossom Company borrowed 58.400 by signing a 99, one year note on September 1, 2020 A count...
Cullumber Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable $ 0 Accumulated Depreciation—Equipment 0 Equipment 8,000 Interest Payable 0 Notes Payable 10,000 Prepaid Insurance 3,960 Salaries and Wages Payable 0 Supplies 2,200 Unearned Service Revenue 28,000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Cullumber Company borrowed $11,400 by signing a 9%, one-year note on September 1, 2020. 2. A count of supplies on December...
Please find the Appendix below Question 3 Avesh Singh is resident of the Republic and she is 50 years old. She resigned from her employment on 30 September 2018. She received a lump sum from her pension fund of R100 000. She used R50 000 of this lump to pay off her car and transferred the remaining balance into a pension preservation fund. In the past, Avesh's pension fund contribution of R9 000 had not been deducted for tax purposes....
Problem 11-03A a-d Vaughn Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2020, are presented below. Employee Ben Abel Rita Hager Jack Never Sue Perez Hours Worked 40 42 Hourly Rate Withholdings Fund $5 $15 16 13 13 60 61 8 46 Abel and Hager are married. They claim 0 and 4 withholding allowances, respectively. The following...
Problem 11-03A a-d Vaughn Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 20 Employee Hours Worked Hourly Rate Federal Income Tax withholdings United Fund Ben Abel $15 Rita Hager Jack Never Sue Perez Abel and Hager are married. They daim 0 and 4 withholding allowances, respectively. The following tax rates are applicable: FICA 7,65%, state income taxes...
expense, or accrued revenue) is need December 53-5 Veme Cova Company has the following balances in selected accounts on September 1, mig entries Х 31, 2019. $ -O Accounts Receivable -O Accumulated Depreciation Equipment 7,000 Equipment -0- Interest Payable 10,000 Notes Payable 2,100 Prepaid Insurance -0- Salaries and Wages Payable 2,450 Supplies 30,000 Unearned Service Revenue All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Verne Cova Company borrowed $10,000 by signing...
E3-5 Devin Wolf Company has the following balances in selected accounts on December 31, 2017 -0- Accounts Receivable $ -0- Accumulated Depreciation Equipment -- Equipment 7,000 Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable -- Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2017 1. Devin Wolf Company borrowed $10,000 by signing a 9%, one-year note on September 1, 2017. 2. A count...
QUESTION 34 Klinc Company Klinc Company uses a perpetual inventory system and had the following inventory transactions for the month of June June 1 On hand, 50 units at $14.00 each $700 4 Purchased 115 units at $15 each $1,725 Sold 100 units 10 Purchased 75 units at $16 each $1,200 24 Sold 50 units Total cost of goods available for sale $3,625 On hand, 90 units The June 30th inventory included 45 units from the June 4th purchase and...
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated Depreciation-Equipment 7,000 Equipment Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. Verne Cova Company borrowed $10,000 by signing a 12%, one-year note on September 1, 2019. 1. A count of supplies on December 31, 2019,...
Use the financial statements of Clorox to answer the following question: Profitability Ratios for 2003, 2004 and 2005 Calculate the Gross Margin (Use Gross Profit) Calculate the Operating Margin (Use the Earnings from Continuing Operations before income taxes) Calculate the Net Profit Margin (Use Net Earnings) Comment on the profitability trends in their business. 16 The Clorox Company Report of Independent Registered Public Accounting Firm on Condensed Consolidated Financial Statements The Board of Directors and Stockholders of The Clorox Company:...