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A company showed the following information in its payroll register for the week ended March 16, 2018: Deductions Pay Distribution Office Salaries Expense Shop Salaries
A company showed the following information in its payroll register for the week ended March 16, 2018: Deductions Pay Distribution Office Salaries Expense Shop Salaries Expense Net Pay Sales Salaries Expense 1.200,00 Premium 19.92 23 24 28.22 17.43 88.81 Income Taxes 241.15 308.50 407.90 193.70 Medical Insurance 47.50 52.50 25.00 35.00 CPP 56.07 65.97 80.82 48.64 251.50 Union Dues 90.00 105.00 127.50 78.75 401.25 Total Deductions 454.64 555 21 669.44 373.52 745.36 844.79 1.030.56 676.48 3.297.19 1.400.00 1.700.00 1.050.00 1,050.00 1.151.25 160.00 2.052.81 1,200.00 3,100.00 1. Prepare a general journal entry to record the payroll register information. 2. Prepare a general journal entry to record the employer's payroll expenses resulting from the payroll. 3. Prepare general journal entries to accrue employee fringe benefit costs for the week. Assume that the company matches the employees' payments for medical insurance and contributes an amount equal to 8% of each employee's gross pay to a retirement program. Also, each employee accrues vacation pay at the rate of 6% of the wages and salaries earned. The company estimates that all employees eventually will be paid their vacation pay
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