At 30 June 2020, the accountant for Braxton Brewery, Sue Robertson, is preparing the financial statements for the year ended on that date. To calculate the annual leave payable, the accountant had gathered the following information on employee annual salary weeks leave outstanding.

Required

(a) Calculate the annual leave payable liability for Braxton Brewery as at 30 June 2020 based on a 52‐week year.

(b) The balance of the annual leave payable liability before the above calculation was $5310.
Show the general journal entry to record the appropriate balance in the Annual Leave Payable account.

Transcribed Image Text:

Employee Sue Robertson Jac Bunter Xi Chen Axel Hronky Annual salary 130520 91000 71760 65 000 Noel Kirabi 56160 Jack Gilmore 50 960 Weeks leave outstanding 634415