Prepare the following Journal entries in relation to this pay period register. April 4 th Pay date
Question:
- Prepare the following Journal entries in relation to this pay period register.
April 4th Pay date Bi-weekly | Earnings | CPP | EI | Tax | Union dues | Company paid benefits | Net pay |
Fernlund | Sally | 2,300.00 | 120.00 | 70.00 | 325.00 | 7.00 | 45.00 |
Tabour | Brett | 1,400.50 | 110. | 55.00 | 250.00 | 7.00 | 45.00 |
Storm | Jessica | 2,000.30 | 115.75 | 65.50 | 305.00 | 5.00 | 45.00 |
Silva | Andrew | 2,200.00 | 120.00 | 70. | 325.00 | 7.00 | 0 |
Catulli | Rose | 1,150.00 | X | 42.00 | 125.50 | 5.00 | 25.00 |
Lang | Richard | 1,980.00 | 145.00 | 50.00 | 350.00 | X | 35.00 |
- Prepare the payroll register Journal entry
- Prepare the vacation accrual entry at 6% assuming all earnings are vocational earnings.
- Record the journal entry to record the Company expenses for Source deductions, check to be issued at a later date.
- Record the journal entry for company fringe benefits
- Record the journal entry to issue payment to the Canada Revenue Agency for source deductions
- Prepare the following Journal entries in relation to this pay period register.
April 4th Pay date Bi-weekly
Earnings
CPP
EI
Tax
Union dues
Company paid benefits
Net pay
Fernlund
Sally
2,300.00
120.00
70.00
325.00
7.00
45.00
Tabour
Brett
1,400.50
110.
55.00
250.00
7.00
45.00
Storm
Jessica
2,000.30
115.75
65.50
305.00
5.00
45.00
Silva
Andrew
2,200.00
120.00
70.
325.00
7.00
0
Catulli
Rose
1,150.00
X
42.00
125.50
5.00
25.00
Lang
Richard
1,980.00
145.00
50.00
350.00
X
35.00
- Prepare the payroll register Journal entry
- Prepare the vacation accrual entry at 6% assuming all earnings are vocational earnings.
- Record the journal entry to record the Company expenses for Source deductions, check to be issued at a later date.
- Record the journal entry for company fringe benefits
- Record the journal entry to issue payment to the Canada Revenue Agency for source deductions
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker