Employee earnings records for Red Company reveal the following monthly gross earnings for two employees:

Ron De Villa - 22, 500

Rene Conchi- 34, 000

Instructions:

a) Prepare the payroll register for the pay period

b) Prepare for the Employer Contribution

c) Prepare general journal entries to record the 1)payroll 2)payment salaries to employees

A) Payroll Registe:

EMPLOYEE GROSS PAY SSS PHILHEALTH PAGIBIG WITHHOLDING TAX NETPAY

RON DE VILLA 22, 500 _______ _______ 100 333.4 _____

RENE CONCHI 34, 000 _______ 467.5 100 166.75 _____

TOTAL: 56, 500 _______ _______ 200 500.15 _____

B) Employer Contribution:

EMPLOYEE SSS EC PHILHEALTH PAGIBIG

RON DE VILLA _______ 30 ______ 100

RENE CONCHI _______ 30 467.5 100

TOTAL: _______ 60 ______ 200

C) JOURNAL ENTRY: