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Answer the required questions and fill it in the forms below. Thanks! II. Chapter 11 Payroll data for The Candy Co. For the month of
Answer the required questions and fill it in the forms below. Thanks!
II. Chapter 11 Payroll data for The Candy Co. For the month of June is shown below: Candy Co doubles the employee's charitable contributions to Save the Children Canada and matches the employee's medical contributions. Required: 1. Record the company's benefits expense for the month of June. 2.In July, the Candy Co. Issued the following four remittance cheques: a. July 10, to the Employee's Union, cheque no. 495 b. July 15 , to the Provincial Health Care Insurance Company, cheque no. 502 c. July 15 , to the CRA, cheque no. 503 d. July 25, to Save the Children Canada, cheque no. 531 How much was each cheque for? 3. What journal entries would be made to record the four cheques in part 2 above? GENERAL JOURNAL Page 9 GENERAL JOURNAL Page 9
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