Question

Two supervisors are paid 60,000 each per year Their salary divided evenly between the months and the pay periods

One designer is paid $30 per hour and works 35 hours per week. Assume four weeks in a month

Two inspectors are paid $20 hour and work 40 hours weeks, Assume four weeks in a month

How would I Journalize each tranaction in accounting at the end of the month for december?

Answer 1

supervisor salary = 60000 per years

Per month = 60000/12 = 5000 per month

Number of supervisor 2 = Total salary 5000 x 2 = 10000

Designer salary = 30 per hour

One week pay = 30 x 35(hours per week) = 1050 per week

Monthly salary = 1050 x 4(weeks in a month) = 4200 per month

Inspector salary = 20 per hour

One week pay = 20 x 40 (hours pe week)= 800 per week

One month salary =800 x 4(weeks per month) =3200 per month

Number of inspector = 2

Total salary = 2 x3200 = 6400

	Debit	Credit
Salary expense- supervisor	10000
salary payable		10000
Salary expense- Designer	4200
salary expense payable		4200
Salary expense -Inspector	6400
salary payable		6400
salary expense payable(10000+4200+6400)	20600
cash		20600