Question
Hi! I want to see your answers so that I'll compare them to mine. This is under Merchandising business, I guess. Thank you! 1. For
Hi! I want to see your answers so that I'll compare them to mine. This is under Merchandising business, I guess. Thank you!
1.For the month of March 200D, total gross salaries of office personnel was P62,000 from which were made deductions for SSS
Contributions of P4,400; PhilHealth Contributions of P2,800 and Pag-Ibig Contributions of P5,700. Net Pay was credited to Payroll Payable.
2.For the month of May 200D, the employer's counterpart for SSS contributions was P6,800. SSS premiums deducted from the employees' payroll recorded during the month was P4,500. Give the journal entry to record the remittance to SSS.
3.For the end of the month payroll July 200C, the total employees' contribution of P2,500 for the PAGIBIG Fund was deducted from employees' gross payroll amounting to P22,000. Give the journal entries to record Salaries and Wages.
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