(Answered) Question - a summary of labor costs and associated

Accounting

Question - A summary of labor costs and associated deductions for the month of July follows:

	Gross	PAYG Tax	Super	Medical Fund
Direct labour	40,000	12,000	2,000	200
Indirect labour	8,000	2,400	400	40
	48,000	14,400	2,400	240
Sales salaries	17,200	5,160	860	120
	65,200	19,560	3,260	360

Required:

a) Prepare general journal entry to distribute the Payroll Cost.

b) Prepare general journal entry to record the Payroll Liability.

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