Question 2. Accounting for employee benefits. (25 marks) The Assistant Accountarem A has its salaries fortrichtly in arrears. The next day is Thursday. The fortruhly salary wentelis 7.30, of which 112.00 neto pay the Payments to the ATO are made every Monday, with the best payment being made on Monday uy and reported Estas trompes Acolo me ency service with the before the compofion of 12 var Name of Cuary (5) Yes Yoon Han 50 000 Arthur 60,000 11 4 70,000 10 40000 JOSH > 10 Hoy te tronder with prosto maturity that all match the won permettere in Corporate Bond pood to malurity Honda) om 4 50 2 10 The projected inflation rate for the forest future is 2 per cent The projecte probes that the poes will stay long to the story Nano Probably that LSL wil 15 Rose 20 Arthur 30 Tom 70 Jossie DER RIDER y alcular employee employment www.long service can be done with 15 www Wonday JayFastids reporting periodens 30 mpletion of 12 years service, no entitlement would be paid vo Current salary (5) Years of Service Years ESL 50 000 60 000 4 70,000 10 2 40,000 2 10 ate bond rates exist with penods to maturity that exactly match the various periods must still be served by the employees to Serve with them ate bond period to maturity Bond (6) 65 6 58 tion rate for the foreseeable future is 2 percent. The projected probabilis that the employees will stay long enough for the love that Probability (%) that LSL wil vest 15 20 50 70 To The production rite for free porn red pench way to w Rose 20 Tom REQUIRED 2.1. Prepare journal entries for A above for 30 June.1 maries buy [2 marks july. [1 mark 2.2. Why do some employers provide their employees with shares or options to buy shares in the organisation marks 23. For part B. calculate the long service leave abilities for East ud for period ended 30 June 2020 and prepare journal entry to record the long balance of 55.000 at the begening of the year. Please show all your calculations (19 marks) Question 2. Accounting for employee benefits. (25 marks) The Assistant Accountarem A has its salaries fortrichtly in arrears. The next day is Thursday. The fortruhly salary wentelis 7.30, of which 112.00 neto pay the Payments to the ATO are made every Monday, with the best payment being made on Monday uy and reported Estas trompes Acolo me ency service with the before the compofion of 12 var Name of Cuary (5) Yes Yoon Han 50 000 Arthur 60,000 11 4 70,000 10 40000 JOSH > 10 Hoy te tronder with prosto maturity that all match the won permettere in Corporate Bond pood to malurity Honda) om 4 50 2 10 The projected inflation rate for the forest future is 2 per cent The projecte probes that the poes will stay long to the story Nano Probably that LSL wil 15 Rose 20 Arthur 30 Tom 70 Jossie DER RIDER y alcular employee employment www.long service can be done with 15 www Wonday JayFastids reporting periodens 30 mpletion of 12 years service, no entitlement would be paid vo Current salary (5) Years of Service Years ESL 50 000 60 000 4 70,000 10 2 40,000 2 10 ate bond rates exist with penods to maturity that exactly match the various periods must still be served by the employees to Serve with them ate bond period to maturity Bond (6) 65 6 58 tion rate for the foreseeable future is 2 percent. The projected probabilis that the employees will stay long enough for the love that Probability (%) that LSL wil vest 15 20 50 70 To The production rite for free porn red pench way to w Rose 20 Tom REQUIRED 2.1. Prepare journal entries for A above for 30 June.1 maries buy [2 marks july. [1 mark 2.2. Why do some employers provide their employees with shares or options to buy shares in the organisation marks 23. For part B. calculate the long service leave abilities for East ud for period ended 30 June 2020 and prepare journal entry to record the long balance of 55.000 at the begening of the year. Please show all your calculations (19 marks)
