WebSep 8, 2014 · You ran your payroll on 4 October before paying your employees on 7 October. On your FPS you used a payment date of 4 October, so the report is allocated incorrectly to the previous tax month ... WebApr 10, 2024 · Example – On 31st March ABC Co. paid salary amounting to 45,000 (15,000 x 3) for the month of March, April & May to one of its employees. Show journal entries to be …

Accounting and Journal Entry for Salary Paid

WebIV. The business paid salaries to the receptionist, $4000. V. The business received cash from a customer as payment on account $11,000. VI. The business borrowed $13,000 … WebThe balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on October 1. The adjusting entry required on December 31 is _____. When preparing the financial statements for the year ended October 31, accrued salaries owed to employees for October 30 and 31 were omitted. t'ga za jug wein

Monthly and daily salary: definitions and calculation

WebNov 26, 2009 · E.G. paid between 20th and 25th of the month, for that month's salary. In your case it would work out that you would be paid the whole month of December, and the one day in November, towards the end of December (although many companies pay early in December). This is often stated in your contract, or the offer letter. WebFeb 27, 2024 · Each payment is a fixed amount. For example, your salary is $50,000 per year and your employer pays you semimonthly. To calculate your gross income per paycheck, … WebDuring the month of October 2024, the following transactions occurred: ... 12 Paid P55,000 on account from Oct. 2. 16 Withdrew P25,000 for personal use. 23 Collected P35,000 … batm near me