Question:

Marshall Dalmatian works as a fireman for PawPatrol. He receives an annual salary of $70,000, and is entitled to four weeks annual leave (i.e. his weekly wage is $1,346.15). Record the weekly journal entry to recognise the annual leave obligation throughout the year there would be, in addition to the types of entries shown above round to the nearest dollar):

a) PawPatrol Limited employs its staff on a five-day working week with employees paid on Fridays for the previous week. The weekly salaries expense is $10,000 and PawPatrol retains $3,000 per week to pay the IRD for pay-as-you-earn (PAYE) tax on behalf of the employees. It also retains $500 per week to pay staff premiums to the Dog Medical Benefits Fund (Dog MBF). These are paid on the following Monday of each week