The records of Ispep Soft Drinks show the following figures. Calculate the missing amounts. Employee Earnings   Salaries for the month (gross) $Answer Overtime Pay $2,500 Total Gross Pay $Answer     Deductions and Net Pay   Withheld Statutory Deductions $2,450 Charitable Contributions $Answer Medical Insurance $190 Total Deductions $2,761 Net Pay $7,039

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 8EB: On July 1, a client paid an advance payment (retainer) of $10,000, to cover future legal services....
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The records of Ispep Soft Drinks show the following figures. Calculate the missing amounts.



Employee Earnings  
Salaries for the month (gross) $Answer
Overtime Pay $2,500
Total Gross Pay $Answer
   
Deductions and Net Pay  
Withheld Statutory Deductions $2,450
Charitable Contributions $Answer
Medical Insurance $190
Total Deductions $2,761
Net Pay $7,039
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