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Charlie Company pays salaries and wages on the last day of each month. Payments made on December 31, 2019, for amounts incurred during December are

Charlie Company pays salaries and wages on the last day of each month. Payments made on December 31, 2019, for amounts incurred during December are shown below. Cumulative amounts paid prior to December 31 to the persons named are also shown.

  1. Charlie Fisher, president, gross monthly salary, $11,000; gross earnings paid prior to December 31, $121,000.
  2. Carol Swartz, vice president, gross monthly salary, $10,000; gross earnings paid prior to December 31, $100,000.
  3. Juan Rios, independent accountant who audits the company's accounts and performs certain consulting services, $15,000; gross amount paid prior to December 31, $25,000.
  4. Henry House, treasurer, gross monthly salary, $6,500; gross earnings paid prior to December 31, $71,500.
  5. Payment to Wright Security Services for Eddie Wright, a security guard who is on duty on Saturdays and Sundays, $1,000; amount paid to Wright Security Services prior to December 31, $11,000.

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