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answer it as soon as possible ... Submit A company has three employees, each of whom has been employed since January 1, earns $3,600 per

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answer it as soon as possible ...

Submit A company has three employees, each of whom has been employed since January 1, earns $3,600 per month, and is paid on the last day of each month. On March 1, the following accounts and balances appeared in its ledger. a. Employees' Income Taxes Payable, $1,393.70 (liability for February). b. El Payable, $430.27 (liability for February). c. CPP Payable, $982.58 (liability for February). d. Employees' Medical Insurance Payable, $1,960.00 (liability for January and February). During March and April, the company completed the following related to payroll. Mar. 17 Issued cheque #320 payable to the Receiver General for Canada. The cheque was in payment of the February employee income taxes, El, and CPP amounts due. Mar. 31 Prepared a general journal entry to record the March payroll register, which had the following column totals: $179.28 Income Taxes $1,393.70 CPP $491,29 Medical Insurance $490.00 Total Deductions $2,554.27 Net Pay $8,245.73 Office Salaries $3,600.00 Shop Salaries $7,200.00 Mar. 31 Recorded the employer's $490.00 liability for its 50% contribution to the medical insurance plan of employees and 6% vacation pay accrued to the employees. Mar 31 Prepared a general journal entry to record the employer's costs resulting from the March payroll. Apr. 17 Issued cheque #575 payable to the Receiver General for Canada in payment of the March mandatory deductions. Apr. 17 Issued cheque #576 payable to All Canadian Insurance Company in payment of the employee medical insurance premiums for the first quarter. 2 Record the payroll register for the pay period ending Mar 31. Canada. 3 Record employee benefits. 4 Record the employer's payroll expenses. Credit 5 Record the remittance of payroll liabilities to the Receiver General for Canada. 6 Record the remittance of employee medical insurance premium to All Canadian Insurance Company, Note : = journal entry has been entered Record entry Clear entry View general journal BE

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