Question: Instructions Part A: Regular Pay, Part B: Overtime Premium Pay, and Part C: Gross Pay Instructions > Example 6-1 Chris Collins (the first employee in

 Instructions Part A: Regular Pay, Part B: Overtime Premium Pay, and
Part C: Gross Pay Instructions > Example 6-1 Chris Collins (the first
employee in Figure 6:1) earns $15.20 per hour and worked 44 hours.

Instructions Part A: Regular Pay, Part B: Overtime Premium Pay, and Part C: Gross Pay Instructions > Example 6-1 Chris Collins (the first employee in Figure 6:1) earns $15.20 per hour and worked 44 hours. His pay would be (using the overtime premium approach): Regular pay $15.20 X 44 hours $668.80 Overtime premium pay $ 7.60 X 4 hours 30.40 $699.20 Total pay Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 16 times for hours over 40 in a workweek For the week ending March 31, 20-, he worked 50 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay. Now Instruction Part A Regular Pay. Part B: Overtime Premium Pay, and PortC: Gross Pay Part D: Gunn's Salary in the First Quarter Round your answers to the nearest cent. a. Regular pay 920 x b. Overtime premium pay 115 c. Gross pay Chay 3. Total hours x reputar att b. (504xOvertime hours) x roguarrate c. Total pay which needs to be accrved wam Instructions Part A: Regular Pay, Part 8: Overtime Premium Pay, and Part C: Gross Pay instructions Part D. Gunn's Salary in the First Quarter d. Since the company holds back one week of pay, Gunn will not be paid until April 7, 20. What adjusting entry would the company make in order to record Gunn's salary in the first quarter of this year If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. Account Debit Credit Salary Emmanse 1,196 x Accounting met held Shares. kayaba 1,196 x KE Today FO My Wor d. Debit Stary Expenser credit Salary Payable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!