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E. Alvaro Company pays its employees every 8 and 22 day of the month. There are 5 working days within a workweek. The last payday

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E. Alvaro Company pays its employees every 8" and 22" day of the month. There are 5 working days within a workweek. The last payday was on May 22, 2017 (assume it is a Tuesday). By month-end, there are already 7 days of accrued salaries. The pay scale at Alvaro is as follows: Employee Number Daily Rate Accrued June 1 - 8 Category in per (May23 - Category Employee May31) Executives 1,000 P21,000 18,000 Managers 750 31,500 27,000 Staff 36 400 100,800 86,400

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