Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer, please! Hidden Dragon Restaurant's gross payroll for April is $46,600. The company deducted $2.162 for CPP $853 for El, and $9.011 for income taxes

image text in transcribed

answer, please!

Hidden Dragon Restaurant's gross payroll for April is $46,600. The company deducted $2.162 for CPP $853 for El, and $9.011 for income taxes from the employees' cheques. Employees are paid monthly at the end of each month. Prepare a journal entry for Hidden Dragon on April 30 to record the payment of the April payroll to employees. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Value Added Auditing CERM Academy Series On Enterprise Risk Management

Authors: Greg Hutchins

4th Edition

978-0965466554

More Books

Students also viewed these Accounting questions