Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise Al-7 Payroll journal entry LO2 Paradise Hills Berry Farm has 20 employees who are paid biweekly. The payroll register showed the following payroll deductions

image text in transcribed
Exercise Al-7 Payroll journal entry LO2 Paradise Hills Berry Farm has 20 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2015. Gross Pay 66,950.00 El Premium 1,259.00 Income Taxes 9,233.00 CPP 3,180.76 1.175.00 1,344.00 Required: Using the information provided, prepare the journal entry to record the payroll expenses. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round the final answers to 2 decimal places.) View transaction list Journal entry worksheet

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

Principles Of Auditing An Introduction To International Standards On Auditing

Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage

2nd Edition

0273684108, 978-0273684107

More Books

Students also viewed these Accounting questions

Question

How are language and thought related?

Answered: 1 week ago