Semi monthly salary Position Cash Advance

Ted Flores 15,000 Accountant

Rose Santos 10,000 Secretary July 19 P500
Shirley Yu 12,500 Cashier
Ben Chavez 7,500 Clerk

1) A Ted Flores Semi-Montly Salary 1) B

Gross pay 15,000
less: SSS 675
PHILHEALTH 300
PAG-IBIG 50 1025

Rose Santos Semi-Monthly Salaray

Gross pay 10,000
less: SSS 450
PHILHEALTH 200
PAG-IBIG 50 700

Shirley Yu Semi-Montly Salary

Gross pay 12,500
less: SSS 562.5
PHILHEALTH 250
PAG-IBIG 50 862.5

Ben Chavez Semi-Monthly Salary

Gross pay 7,500
less: SSS 337.5
PHILHEALTH 150
PAG-IBIG 50 537.5
(5) GROSS PRICE 750000 7)
LESS 15000 DATE
735000

REPAIR 1500
ASSEMBLY LOST 150000
PLATFORM 25000
911500

11) A B C
Face Value 8000 50000 10000
Date 42856 45383 41821
Interest Rate 0.15 0.12 0.18
Term 60 Days 45 Days 75 Days
Maturity Date 42552 39600 46631
Interest on Note 200 750 375
Maturity Value 8200 50750 10375

12) AIR MANILA ENTRIES

DATE PARTICULARS
Dec-15 Repair Expense
Notes Payable
To record repair expense on notes

Feb-13 Notes Payable

Interest Expense
Cash on Hand

Paid amount owed and interest expense

DECENA'S ELECTRONICS SERVICES ENTRIES

DATE PARTICULARS DEBIT
Dec-15 Accounts Receivable 15000
Service Income
To record service rendered

Feb-13 Cash on hand 15150

Interest income
 Accounts Receivable
To record cash received and interest income

13) CBC BANK ENTRIES

PARTICULARS
Apr-24 Notes Receivable
Cash on Hand
To record promissory note

Jun-08 Cash on Hand

Interest Income
Notes Receivable
To record cash received and inte

MASTER WORK ENTRY

DATE PARTICULARS
Apr-24 Cash on Hand
Notes Payable
To record cash received

Jun-08 Notes Payable

Interest Expense
Cash on hand
Paid owed and interest expense
 1) C

Names Position Gross Pay Withholding Tax

Ted Flores Accountant 15000 711.6
Rose Santos Secretary 10000
Shirley Yu Cashier 12500 244.1
Ben Chavez Clerk 7500
45000 955.7

Ted Flores Semi-Montly Salary

Gross pay 15,000 Date
less: SSS 675 Jul-31
PHILHEALTH 300
PAG-IBIG 50 1025
Net Taxable Income 13,975
Withholding tax 711.6

Rose Santos Semi-Monthly Salaray

Gross pay 10000
less: SSS 450
PHILHEALTH 200
PAG-IBIG 50 700 1) D EMPLOYER'S CONTRIBUTION
Net Taxable Income 9,300 Ted Flores
Withholding tax Rose Santos
Shirley Yu
Shirley Yu Semi-Montly Salary Ben Chavez
Gross pay 12,500
less: SSS 562.5
PHILHEALTH 250
PAG-IBIG 50 862.5 1) E
Net Taxable Income 11,637.50 DATE
Withholding tax 244.1 Jul-31

Ben Chavez Semi-Monthly Salary

Gross pay 7500
less: SSS 337.5
PHILHEALTH 150
PAG-IBIG 50 537.5
Net Taxable Income 6,962.50
Withholding tax

DATE
Aug-10
 ENTRIES
PARTICULARS DEBIT CREDIT
Machine 911,500
Cash on bank 911,500
Cash purchase of machine

Cash on bank 911,500

Accumulated 1,200,000
Depreciation on sale

Gain of the machine 288,500

D
15000
42339
0.06
60 Days 6) A, ACQUISITION
41306 ENTRY
150 DATE PARTICULARS
15150 Machine
Cash in bank to record purchase

Machine
DEBIT CREDIT Cash on hand
15000
15000 Cash paid for assembly,repair and platform

6)B, PAYMENT
15000 ENTRY
15000 DATE PARTICULARS
Cash in bank
Furniture/machine
erest expense Receive cash for equipment

ERVICES ENTRIES Cash

CREDIT Payments

15000 6) C,ASSEMBLY AND PLATFORM

DATE PARTICULARS
Assembly
Platform
150 Cash on hand
 15000
d and interest income 6) D, REPAIR EXPENSE
DATE PARTICULARS
Repair
Cash on hand

DEBIT
50000
50000
ord promissory note

50750
50000
750
ecord cash received and interest income

WORK ENTRY
DEBIT CREDIT
50000
50000
ord cash received

50000
750
50750
owed and interest expense
 MUSIC MUSEUM
PAYROLL SHEET
For the period of July 16 to 31 , 2022
Social Security Philhealth HDMF Advances Total Deduction Net Pay
675 300 50 1,736.60 13,263.40
450 200 50 500 1200 8,800
562.5 250 50 1,106.60 11,393.40
337.5 150 50 537.5 7,362.50
2025 900 200 500 4,580.70 40,819.30

Partuculars Debit Credit

Salary Expense 45,000
withholding taxes payable 955.7
SS premiums payable 2025
philhealth premiums payable 900
HDMF premiums payable 200
advances to employees 500
cash in bank 4,580.70
to record the payroll
for the second half of july

SSS PHILHEALTH EC HDMF TOTAL

1,275 300 30 50 1,655
850 200 10 50 1110
1,062.50 250 10 50 1,372.50
637.5 150 10 50 847.5
3,825 900 60 200 4,985

ENTRY
PARTICULARS DEBIT CREDIT
SSS PREMIUM EXPENSE 3,825
NHIP PREMIUM EXPENSE 900
EC PREMIUM EXPENSE 60
HDMF PREMIUM EXPENSE 200
SSS PREMIUM PAYABLE 3825
NHIP PREMIUM PAYABLE 900
EC PREMIUM PAYABLE 60
HDMF PREMIUM PAYABLE 200

ENTRIES
PARTICULARS DEBIT CREDIT
withholding taxes payable 1911.4
 cash in bank 1911.4
paid withholding taxes to
the bir

SSS premiums payable 7875

EC premiums payable 60
Cash in bank 7935
paid to SSS

Philhealth premium payable 1800

cash in bank 1800
paid to philhealth premiums

HDMF premium payable 400

cash in bank 400
paid to HDMF

DEBIT CREDIT
911500
911500

176500
176500

y,repair and platform

DEBIT CREDIT
911500
911500

176500
176500

DEBIT CREDIT
150000
25000
175000
DEBIT CREDIT
1500
1500
Signiture