Question
1. The May 31, 2020 payroll register is summarized below.The company matches the employee's payments for the health benefit plan and vacation pay is accrued
1.The May 31, 2020 payroll register is summarized below.The company matches the employee's payments for the health benefit plan and vacation pay is accrued at 4%.What journal entries would be required to record this payroll register and employer expenses relating to this pay run?
Office Salaries
Sales Salaries
Guiding Salaries
Total Earnings
EI Premium
CPP Premium
Income Tax
Health Plan
Garnishment
3,370.00
5,750.00
6,250.00
15,370.00
242.85
637.00
3,979.10
457.00
540.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Here are the journal entries required to record the payroll register and employer expenses for the May 31 2020 pay run 1 Recording Employee Earnings and Deductions Debit Salaries Expense Office Salari...
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Step: 2
Step: 3
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
11th Canadian Edition
132564440, 978-0132564441
