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1.) The journal entry to record labor incurrence. 2.) The journal entry to record payment for labor. 3.) The journal entry to record labor distribution.
1.) The journal entry to record labor incurrence.
2.) The journal entry to record payment for labor.
2.) The journal entry to record payment for labor.
The general ledger of the Paradise Manufacturing Company showed these balances at the end of July: Salaries of P800,000 which includes P400,000 of Direct labor; P100,000 of Indirect labor, sales salaries of P120,000; and office salaries of P180,000. The following rates are available for payroll distribution. Withholding Tax SSS Distributions Employees' Compensation Contributions Phil. Health Contributions PAG-IBIG Contributions
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1 Journal entry to record labor incurrence Debit Salaries Expense Direct Labor Indirect Lab...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
