N4 Introductory Financial Accounting | Student Book


Activity 7.5 Required


Use the Employee Details sheet and Salaries Journal to do the following: 1. Record the transactions for the payments made by TJ Suppliers to make payments of all the employees’ salaries (cheque numbers 35 to 37); and the contributions to the various staff benefits funds (cheque numbers 28 to 31) in the Cash Payments Journal.


2. Cheque 28 was issued to Need Medical Aid, cheque 29 to Penny Pension Fund, cheque 30 to Unemployment Insurance Fund and cheque 31 to SARS. 3. Total the Cash Payments Journal.


118


Job Title


Empl. Code


Empl. Name & Surname


Security KL002 Kim Johns


Super- visor


JR001 Paul Young


Employee’s Address


2 Doss Street, Paarl


98 Soll Street, Paarl


Postal Code


7600 7600


Tel. No. Identity No.


Age Sex Marital Status


887 6548 72040800847085 37 F Unmarried (divorced)


886 9512 69050684355082 40 M Married Hilda


Spouse/ Parent


Depen- dant


Depen- dant


Gross Salary


(monthly) Johan Carol R25 950 Tom R12 500


EMPLOYEE DETAILS


SALARIES JOURNAL OF TJ SUPPLIERS FOR THE MONTH ENDING APRIL 20.1 EMPLOYEES’ DEDUCTIONS


NAME OF EMPLOYEE


Kay Tat


GROSS SALARY


PENSION FUND


R16 500 R1 320


Paul Young R25 950 R2 160 Kim Johns Total


R12 500 R1 000 MED AID PAYE


R540 R1 822 R600 R2 980 R460 R 1 380


R42 500 R4 480 R1 600 R 6 182 UIF TOTAL


NET SALARY


SJ4


PENSION FUND


EMPLOYER’S CONTRIBUTIONS MED AID UIF


R165 R 3847 R12 653 R1 320 R1 080 R260 R6 010 R19 940 R1 080 R125 R2 965 R9 535 R1 000


R600 R920


R550 R12 822 R42 128 R3 400 R2 600 TOTAL


R165 R2 565 R260 R1 815 R125 R2 045 R550 R6 425


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