1.Hakone Company determined P 284,200 payroll for the week consisting of P 240,000 earned by 80 direct laborers and P 44,200 earned by 20 indirect laborers. The total factory bonuses to be paid at year-end is estimated at P 980,000. All factory workers receive a three-week paid vacation and 10 paid holidays.

Required: Prepare the journal entries to: (a) distribute the weekly payroll and to (b) accrue the bonus, vacation and holiday pay.

2.A manufacturing company's payroll register shows the following information for December:

Salary paid to marketing department, P 40,000 (10 employees)

Wages paid to labor, P 100,000

Insurance is fully paid by company, P 10,000 per month

Company has a policy to award a fully paid one-week vacation to best employee of the year from marketing department with a bonus of P 1,500.

Required: Assuming that current period has completed, prepare a journal entries to record the payroll on December 31^st.