Hakone Company determined P 284,200 payroll for the week consisting of P 240,000 earned by 80 direct laborers and P 44,200 earned by 20 indirect laborers. The total factory bonuses to be paid at year-end is estimated at P 980,000. All factory workers receive a three-week paid vacation and 10 paid holidays. Required: Prepare the journal entries to: (a) distribute the weekly payroll and to (b) accrue the bonus, vacation and holiday pay.

Q: Townson Company had gross wages of $200,000 during the week ended December 10. The amount of wages…

A: Journal: Recording of a business transactions in a chronological order.

Q: On January 15, the end of the first pay period of the year, North Company’s employees earned $28,000…

A: Payroll taxes The employer is required to pay a certain percentage to the government on the behalf…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Tax is the amount which is to be paid to the tax authorities of a nation.

Q: Urban Window Company had gross wages of $320,000 during the week ended July 15. The amount of wages…

A: a)

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Payroll taxes are the percentage of employee's salary that an employer held to pay it to the…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register…

A: FICA stands Federal Insurance Contributions Act, which is a US federal payroll contribution directed…

Q: Ramirez Company has the following data for the weekly payroll ending January 31. Hours Hourly Rate…

A: Weekly Payroll Register: The weekly payroll register is the register of payroll of employees which…

Q: On January 15, the end of the first pay period of the year, North Company's employees earned $32,000…

A: Payroll: The act of paying workers of a firm is referred to as payroll. This process involves…

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: The accrued wages are the wages that are due to be paid but not paid during the period.

Q: On January 15, the end of the first biweekly pay period of the year, North Company's payroll…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: Mason Painting Services has a weekly payroll of $25,000. December 31 falls on Wednesday and Mason…

A: Payroll represents the wages paid to the employees of the company. It is posted as salaries expense.

Q: Urban Window Company had gross wages of $370,000 during the week ended July 15. The amount of wages…

A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register…

A: Payroll expense is the expense incurred by an employer for the employment given by him. It includes…

Q: 00             0.92                266.80     Manufacturing 264,000             2.20…

A: Great Manufacturing company         a. Record the estimated premium entry for the payment on…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company’s employees earned…

A: Tax: It is the compulsory payment that arises on income of individual, corporate and other entities.

Q: Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and…

A: Particulars  debit credit  mar.31 Salaries and wage Expense  FICA taxes payable Federal income…

Q: Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week.…

A: Journal Entry:   It is a systematic record of a financial transaction of an organization recorded in…

Q: On January 15, the end of the first pay period of the year, North Company's employees earned $28,000…

A: Payroll entry means entry used to record expenses on salaries and wages to be paid to employees…

Q: The following data for Throwback Industries Inc. relate to the payroll for the week ended December…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess…

A: The net amount payable to the employee is the amount paid net of taxes. It is calculated as follows:…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Payroll taxes is the percentage of employee's salary that an employer held to pay it to the…

Q: Urban Window Company had gross wages of $248,000 during the week ended July 15. The amount of wages…

A:

Q: The following data for Throwback Industries Inc. relate to the payroll for the week ended December…

A: Federal Income tax: Federal income tax is a tax on income and is imposed by the United State federal…

Q: Lakeview Company completed the following two transactions. The annual accounting period endsDecember…

A: Journal entry: It refers to the recording of day to day transactions of the business in the books of…

Q: Bonita Consulting Inc's gross salaries for the biweekly period ended August 24 were $15,000.…

A: Journal is the primary book where transactions are originally recorded. Further, a journal entry is…

Q: An employee receives an hourly wage rate of $25, with time and a half for all hours worked in excess…

A: Given that , Hourly wage rate = 25 per hr  hours to be worked = 40 hrs Actual hours worked = 42 hrs…

Q: Sandler Company completed the following two transactions. The annual accounting period endsDecember…

A: Journal: Recording of a business transactions in a chronological order.

Q: On January 15, the end of the first biweekly pay period of the year, North Company;s payroll…

A: Journal entry: It can be defined as the recording of financial events and transactions that have…

Q: On January 13, at the end of the second weekly pay period of the year, a company's payroll register…

A: Payroll includes all employee expenses and taxes and insurance related to employees

Q: On January 15, the end of the first pay period of the year, North Company’s employees earned $35,000…

A:

Q: On January 14, at the end of the second week of the year, the totals of Castle Company's payroll…

A: For the amount of  Social Security Tax and Medicare taxes  refer journal entry.

Q: An employee receives an hourly rate of 15 with time and a half for all fours worked in excess of…

A: Federal and State governments levy several payroll taxes. The federal income tax and employee…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Journal Entry - It is record of business transaction whether it is economic or non economic activity…

Q: Assume that the payroll records of Bramble Oil Company provided the following information for the…

A: In the context of the given question, we are required to compute payroll accounting and prepare the…

Q: Roppongi Company incurred payroll for the week of 100,000, which consists of 70,000 earned by 20…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…

Q: Great Manufacturing Company received and paid a premium notice on January 2 for workers'…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: At Gleeson Brewing Company, office workers are employed for a 40-hour workweek on either an annual…

A: Payroll is the salary owed to employees by a corporation for a given period of time or on a specific…

Q: Spirit Corporation reported the following payroll-related costs for the month of February. Gross pay…

A: Payroll- Payroll is the procedure for paying a company's employees. This procedure entails…

Q: P4-3 Roppongi Company Incurred payroll for the week of P100,000, which consists of P70,000 Required:…

A: Financial accounting is a function of accounts and finance department of a firm. The department is…

Q: During the month of February, Bridgeport Corp's employees earned wages of $79,920. Withholdings…

A: Given that total employees earned wages is $ 79920 Salaries and wages payable = Total employee…

Q: Riverside Company completed the following two transactions. The annual accounting period…

A: Payroll expenses include wages paid to employees in an accounting period as well as various…

Q: The payroll register for the Puhl Company for the week ended January 15th showed the following :…

A: The wages are the expenses of the company. The federal income tax withheld, roth IRA deductions,…

Q: Urban Window Company had gross wages of $200,000 during the week ended July 15. The amount of wages…

A: Payroll tax expense is the holding account which is used for tracking the employer contributions…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Given that: Office salaries = $25760 Sales salaries = $70840

Q: Greenwell Ltd. located in Alberta has a workers' compensation premium rate of $4.55 per $100.00of…

A: Assessable earnings refers to the gross amount of earnings  earned by a worker or an individual up…

Q: At vision club company office workers are emplyoed for a 40-hour workweek on either an annual or a…

A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: Beamon Corporation had the following payroll for April:   Officers' salaries $34,000 Sales…

A: Payroll refers to the employee's salary register that is maintained by the employer in which all…