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Payroll Sheet

Employee Name/No. Semi-monthly Rate


Gen. & Admin Offices
Marketing Departmet
No. of Hrs worked Gross Pay
Factory: Hourly Rate Reg. OT
PI JP 100 40 20 6500
P2
P3
S1
S2

JE
Payroll 6500
Withholding Taxes Payable 1560
SSS Prem. Payable 130
Philheath Prem. Payable 65
HDMF Prem. Payable 65
Union Dues Payable 50
Wages Payable 4630

Employee X
Gross Salary
0.02 0.01 0.01 0.25 Other Deductions
SSS PhilHealth HDMF Taxable Income Withholding U-Dues Net Pay
Tax
130 65 65 6240 1560 50 4630
A direct laborer in a factory earns P2,250 each 40-hr week. In addition, he will receive a P8,000 bonus at year
end, a two-week paid vacation, and seven paid holidays.
Required: Prepare the entry to distribute her wages and the costs and liabilities related to bonus, vacation, and holiday pay. (R

Work in Process 2,250


Factory Overhead (bonus) 160
Factory Overhead (vacation) 90
Factory Overhead (holiday pay) 63
Payroll
Bonus Liability*
Vacation Pay Liability**
Holiday Pay Liability***

* Bonus: 160
** Vacation: 90
*** Holiday pay: 63
P4-2
WIP 240,000
FOH 44,200
Payroll

FOH 49,000
Liability for Bonus
Liability for VL
Liability for Holiday pay

P4-3
WIP 70,000
Sales Salaries 30,000
Payroll

FOH 15,050
Selling Expenses 6,450
Liability for Bonus
Liability for VL
Liability for Holiday pay

P4-4
SALARIES - Faculty 300,000
Salaries- General Admin. 20,000
Insurance Premium Payable
Salaries Payable

Salaries-Faculty 7,000
Liability for VL
Liability for Bonus
will receive a P8,000 bonus at year

ies related to bonus, vacation, and holiday pay. (Round all amounts to two decimal places.)

2,250
160
90

284,200

20,000
17,400
11,600

100,000

9,000
8,333
4,167

5,000
315,000

6,000
1,000