Question
Class, A production worker earns $4,400 per month and the company pays the worker a year-end bonus equal to one months wages. The worker receives
Class, A production worker earns $4,400 per month and the company pays the worker a year-end bonus equal to one months wages. The worker receives a one-month paid vacation per year and 10 paid holidays per year. Bonus, vacation benefits, and holiday pay are treated as indirect costs and accrued during the 11 months that the employee is at work.
Instructions:Prepare the journal entry to distribute the payroll and the costs and liabilities associated with the bonus, vacation pay, and holiday pay of the production worker for a month. Account Debit Credit
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