Desde
Top of Form #5(a) |
|
Date | Description/Account | Debit | Credit |
2012 | Wages expense | 13,824 | |
| Vacation wages payable | | (1) 8,640 |
| Sick pay wages payable | | (2) 5,184 |
| (To accrue expense and liability for compensated absences.) |
2013 | Wages expense | 14,976 | |
| Vacation wages payable | | (4) 9,360 |
| Sick pay wages payable | | (5) 5,616 |
| (To accrue expense and liability for compensated absences.) |
2012 | Sick pay wages payable | (3) 3,456 | |
| Cash | | 3,456 |
| (To record payment for compensated time when used by employees.) |
2013 | Vacation wages payable | (6) 7,776 | |
| Sick pay wages payable| (7) 4,536 | |
| Wages expense | 792 | |
| Cash | | (8)13,104 |
| (To record payment for compensated time when used by employees.) |
|
(1) | 9 employees × $12/hr × 8 hrs/day × 10 days = | $8,640 | |
(2) | 9 employees × $12/hr × 8 hrs/day × 6 days = | $5,184 | |
(3) | 9 employees × $12/hr × 8 hrs/day × 4 days = | $3,456 | |
(4) | 9 employees × $13/hr ×8 hrs/day × 10 days = | $9,360 | |
(5) | 9 employees × $13/hr × 8 hrs/day × 6 days = | $5,616 | |
(6) | 9 employees × $12/hr × 8 hrs/day × 9 days = | $7,776 | |
(7) | 9 employees × $12/hr × 8 hrs/day × (6-4) days = | $1,728 | |
| 9 employees × $13/hr × 8 hrs/day × (5-2) days = | + 2,808 | = $4,536 |
(8) | 9 employees × $13/hr × 8 hrs/day × 9 days = | $8,424 | |
| 9employees × $13/hr × 8 hrs/day × 5 days = | + 4,680 | = $13,104 |
| NOTE: Vacation days and sick days are paid at the employee's current wage. Also, if employees earn vacation pay at different pay rates, a consistent pattern of recognition (e.g., first-in, first-out) could be employed which liabilities have been paid. |
(b) | Accrued liability at year-end: | | | |
| | | | | |
| | -------------------------------------------------
2012 | -------------------------------------------------
2013 |
| | -------------------------------------------------
Vacation
Wages Payable | -------------------------------------------------
Sick Pay
Wages Payable | -------------------------------------------------
Vacation
Wages Payable |-------------------------------------------------
Sick Pay
Wages Payable |
| Jan. 1 balance | $ 0 | | $ 0 | | $8,640 | | $1,728 | |
| + Accrued | 8,640 | | 5,184 | | 9,360 | | 5,616 | |
| - Paid | -------------------------------------------------
(0) | | -------------------------------------------------
(3,456) | | -------------------------------------------------
(7,776) | | -------------------------------------------------
(4,536) | |
| Dec. 31 balance | -------------------------------------------------
(1) $8,640 | | -------------------------------------------------
(2) $1,728 | | -------------------------------------------------
(3) $10,224 | | -------------------------------------------------
(4) $2,808 | |
|
(1) | 9 employees ×$12/hr × 8 hrs/day × 10 days = | -------------------------------------------------
$8,640 |
(2) | 9 employees × $12/hr × 8 hrs/day × (6-4) days = | -------------------------------------------------
$1,728 |
(3) | 9 employees × $12/hr × 8 hrs/day × (10-9) days = | 864 |
| 9 employees × $13/hr × 8 hrs/day × 10 days = | -------------------------------------------------
+ 9,360 |
| |-------------------------------------------------
$10,224 |
(4) | 9 employees × $13/hr × 8 hrs/day × (6+6-4-5) days = | -------------------------------------------------
$2,808 |
|
Bottom of Form |
#6
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Top of Form (a) |
Date | Description/Account | Debit | Credit |
2012 | Wages expense | (1) 9,288 | |
| Vacation...
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