Continuing Problem Recall the following details about the two em- ployees hired in November. a. CPP is deducted at 5.10% (considering $3,500 yearly exemption). b. Er is deducted at 1.62% of gross earnings. c. Both employees pay income taxes at a rate of 20%. d. Each employee earns $20 an hour and is paid time-and-a-half for hours worked in excess of 40 weekly. Assignment 1. Record the transactions listed below in the appropriate journal and post to the general ledger. 2. Prepare a payroll register. 3. Prepare employee earnings records for each of the two employees. Continuing Problem Necrose employers of all tits for the November. Hefur to work that you come to the november Ch 10 for the details you need to complete Desid the employees the wees: L. n. Gr. Hut how che 2020 Received the balance of the term Vitaele Comory November 1, 2003, 1 Received mic strony www caso in days 140 11 Received December phone from Del Cadas the employees there. 40 hours and Auto Iches and 13 Pined over 150 13 Collected amount owing you never inice 120 chased the remaining good for resterends.computer sales operation for cas, 37.000 (QUE NO.27 Pidanout due to CAT November 2008.22 cheque No 27 15 Pald mount due to System Design Futumber durch Inice, 5440 the No. 27 17 Punt System for the invoice 7805450 che No.774 IT contaminicos invoice. 16 purchase order 15, windy 20 ai temployees there Loud. Hull chouts No 275 and dieses for ember and December. Cayectricht ** Ployees the wages to noon Lanmou and How No. 276 and 27Because of contacters These are the first choses as anderer for det Record the employer of forement of December Refer to the details of your pour to complete the Because it is the end of the calendar year, Tony Freedman knows that, in addition to recording the normal entries for December 2022 above, he will need to complete certain tasks that relate to payroll. Specifically, he will need to prepare T4 slips for his two employ- ees, and then complete the T4 Summary for the year. He will do this in January 2023 to get the T4 slips to his employees and the T4 Sum- mary to the Minister of Finance by the due date of February 28, 2023. Since these forms will be dealt with in January, they do not need to be filled in now. Preparing and recording jour- nal entries and the payroll reg- istry; posting, and filing the T4 Summary 0 (150 min) Check Figure Accounts Payable $28,588 Accounts Receivable $11,040.00 Nov. 30 Record the employer's share of payroll benefits for the previous month of November. Refer to the work that you completed for the end of November (Chapter 109) for the details you need to complete this task. Dec. 6 Paid the two employees their wages: L. Klumm, 43 hours, and A. Hall, 34 hours (cheques No. 266 and No. 267). 9 Received the balance of the amount due from Vita Needle Company, November 1, 2022, invoice No. 12685. 10 Received invoice No. 4668 from City Newspaper re advertising seasonal specials, due in 30 days, $480. 11 Received December telephone bill from West Bell Canada, $165. 13 Paid the two employees their wages: L. Klumm, 40 hours, and A. Hall, 42 hours (cheques No. 268 and No. 269). 13 Paid telephone bill received November 9, $150 (cheque No. 270). 13 Collected amount owing by Accu Pac, Inc., re November 4 invoice No. 12687. 13 Purchased the remaining goods for resale of a friend's computer sales operation for cash, $37,000 (cheque No. 271). 13 Paid amount due to CRA re November wages, $2,025.22 (cheque No. 272). 16 Paid amount due to System Design Furniture re November 4 purchase (its invoice No. 8771), $1,400 (cheque No. 273). 17 Paid amount due to Multi Systems for November 19 purchase (its invoice No. 1784), $450 (cheque No. 274). 17 Purchased on account from Alpha Office Co., supplies totalling $318, its invoice No. 8161 (purchase order No. 4015), due within 30 days. 20 Paid the two employees their wages: L. Klumm, 34 hours, and A. Hall, 36 hours (cheques No. 275 and No. 276). 23 Paid utilities bill for November and December, $486, to City Electric (cheque No. 277). 24 Paid the two employees their wages to noon today: L. Klumm, 32 hours, and A. Hall, 38 hours (cheques No. 278 and No. 279). Because of seasonal factors, these are their final cheques this calendar year (office closed until January 2, 2023). 30 Received $5,495 cash from Augustana Co. for services. Invoice No. 12689. 31 Record the employer's share of payroll benefits for the month of December Refer to the details of your payroll journal to complete this task