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5 Purchased inventory on account for $25,000 + 13% HST. Terms 2/10, n30. 13 Hired two full-time staff members, Lan and Liz, both who earn
5 | Purchased inventory on account for $25,000 + 13% HST. Terms 2/10, n30. |
13 | Hired two full-time staff members, Lan and Liz, both who earn $36,000 a year and are paid bi-weekly beginning Jan 24.. Assume basic payroll deductions for Ontario. They work five days a week (Mon-Friday) |
24 | Paid both Lan and Liz their bi-weekly pay. Calculate deductions for CPP, EI and Ontario tax. Record employee portion only. |
how to entries that 3 account on general journal
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