Refer to the information in Exercise AI-7 and Exercise AI-8. Prepare a journal entry to record payment
Question:
Refer to exercise Ai-7
Paradise Hills Berry Farm has 25 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2015.
Transcribed Image Text:
Medical Ins. Income United El Gross Pay Premium Тахes CPP Way 3,097.93 65,950.00 1,207.00 9,095.00 1,150.00 1,319.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Apr 15 EI Payable 120700 ...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Question Posted:
Students also viewed these Business questions
-
Refer to the information in Exercise 7-23. Prepare an entry to allocate the under- or over-applied overhead. Overhead applied in each of the inventory accounts is as follows: Work-in-process...
-
Refer to the information in exercise 20-27. In exercise 20-27, Somerfeld Company is a manufacturer of auto parts having the following financial statements for 20092010. Additional financial...
-
Refer to the information in Exercise 8-15. For the coming year, Delta Products has told Johnson Brands that it will be switched to an activity-based pricing system or it will be dropped as a...
-
Who was the highest paid athlete in sports in the 1 9 9 0 s ?
-
One chemist claims that the list of "dangerous" chemicals is an example of "chemophobia." What do you think he meant?
-
What happens to the principal in an expendable trust fund?
-
The following figures are extracted from the books of a firm for the year 1994. Passenger buses 5 Numbers Bus costing Rs 50,000; Rs 1,20,000; Rs 45,000 Rs 55,000 and Rs 80,000 Depreciation 20% of the...
-
In the commercial production of sugar (sucrose), the product crystals are washed and centrifuged to partial dryness. The crystals are then sent through a rotary dryer where they are contacted with a...
-
Manufacturers such as Samsung Electronics have greater control over the amount of variability of the resources it uses in the manufacture of computer laptops than would a service provider, such as...
-
Chevron U.S.A. Inc. and Sheikhpour had entered into a settlement agreement that would require Sheikhpour to complete reconstruction work on his gas station. When Sheikhpour did not do the work,...
-
Use the information in QS AI-2 to record the payment of the wages to the employees for March. I nformation QS AI-2 Trax Ltd. has six employees, each of whom earns $3,000 per month. Income taxes are...
-
ORiley Companys payroll costs and fringe benefit expenses include the normal CPP and EI contributions, retirement fund contributions of 10% of total earnings, and health insurance premiums of $120...
-
Which events during an accounting period trigger the recording of normal journal entries? Which event triggers the making of adjusting entries?
-
2. Getting ready for Logarithms and Calculus! a. Fill in the chart and graph the function (I advise practicing on your scientific calculator and desmos. X f(x) = Inx 0 0.5 1 e 10...
-
JoJo Co. had the following balances and information for October. Beg. finished goods inventory = $30 Beg. work in process inventory = $5 Beg. raw materials inventory = $15 End. finished goods...
-
Subway sales have been declining since 2014. In the US, Subway has closed a number of stores due to over-expansion, outdated operations, and uninspiring menus. In Canada, Subway took a different...
-
Harvey Auto Parts purchased a new crane on September 1 for $35,000, paying $10,000 cash and signing a 7%, 12-month note for the remaining balance, interest to be paid at maturity. The crane is...
-
e4(k+1) Find the sum of the series. k = 1 8
-
Find the total areas of the shaded region. (-2,8) -2 y 8 y = (2,8) 2x NOT TO SCALE y=x- 2x 2 X
-
Given that all the choices are true, which one concludes the paragraph with a precise and detailed description that relates to the main topic of the essay? A. NO CHANGE B. Decades, X-ray C. Decades...
-
Zen Aerospace Corporation reported the following equity account balances on December 31, 2019: Preferred shares, $3.60 cumulative, unlimited shares authorized ................................. $...
-
Fitz Products Inc. reported $1,075,049 profit in 2020 and declared preferred dividends of $75,100. The following changes in common shares outstanding occurred during the year. Jan. 1 78,000 common...
-
CarFind Inc. showed the following equity information at December 31, 2019. Common shares, unlimited shares authorized; 4,000,000 shares issued and outstanding...
-
Show that the convexity for a zero coupon bond with m payments per year is (m) n(n + -)(1+ m m
-
Abdul Canarte , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $149,740.00 to $344,460.00 in 8 years. With monthly compounding, what is the...
-
ABC Corporation expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6...
Study smarter with the SolutionInn App