Posted by Brittany on Sunday, November 8, 2009 at 10:17am.
Kelsey Gunn is the only employee of Arsemault Company. His pay rate is $23,00 per hour with an overtime rate of 11/2 times for hours over 40 in a workweek.
For the week ending March 31, 2012, he worked 48 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay.
Since the company, holds back one week of pay, Gunn they not paid until April 7, 2012, what adjusting entry would the company make in order to record Gunn’s salary in the first quarter of this year?
a. Regular pay 920.00
b. Overtime pay 34.50
c. Gross pay 954.50
d. Adjusting entry 920.00
Related Questions
payroll accounting - I need the final project in payroll accounting AC 122- 02 ...
Managerial Accounting - The gross earnings of the factory workers for Vargas ...
accounting - RC Corp. uses a job order cost accounting system. During the month ...
accounting - Why is it important to enter employee payroll information precisely...
economics - Payroll Tax- You are an economic consultant to a city that just ...
Business Maths - Prior to the last weekly payroll period of the calendar year, ...
Principles of Accounting - Hot Dawgs! Inc. has 3 managers that work in shifts ...
Algebra 1 - a recent 12 year period,, the total government payroll in the US can...
accounting - your firm, which is on accrual basis has a 100,000 mon-fri weekly ...
accounting - True or false ? The columns of the employee earnings record consist...
For Further Reading
