TFM Enterprises pays its employees every two weeks and has paid its employees P375,000 for work completed in 2019. In addition, the employees earned a week's salary of P 7,200 at the end of December that will be paid as part of the P14,400 payroll at the end of the first week in January of 2020. How much should the
TFM Enterprises pays its employees every two weeks and has paid its employees P375,000 for work completed in 2019. In addition, the employees earned a week's salary of P 7,200 at the end of December that will be paid as part of the P14,400 payroll at the end of the first week in January of 2020. How much should the
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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TFM Enterprises pays its employees every two weeks and has paid its employees P375,000 for work completed in 2019. In addition, the employees earned a week's salary of P 7,200 at the end of December that will be paid as part of the P14,400 payroll at the end of the first week in January of 2020. How much should the company declare for salaries and wages expense for 2019?
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