Pay rate is 1970 per hour with an overtime rate of 15 times, Financial Accounting

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Pay rate is 1970 per hour with an overtime rate of 15 times

Pay rate is 19.70 per hour with an overtime rate of 1.5 times for hours over 40 in a workweek. He worked 44 hours. Calculate using the premium approach. Since the company holds back a week, what adjusting entry would they have to make in order to record salary in the first quarter of this year for: Regular pay, overtime premium pay, gross pay and the adjusting entry?

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Financial Accounting: Pay rate is 1970 per hour with an overtime rate of 15 times

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Financial Accounting: Pay rate is 1970 per hour with an overtime rate of 15 times

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