Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fred Jones Paycheque this year, please choose the correct Payroll Payment journal entry only , for this paycheque to the nearest dollar. Salary per pay

Fred Jones Paycheque this year, please choose the correct Payroll Payment journal entry only, for this paycheque to the nearest dollar.

Salary per pay $1,000
Deductions:
CPP (48)
EI (16)
Income Tax (100)
Union Dues (136)
Net Paycheque 700

DR CRA Payable, $337

DR Union Dues Payable, $136

CR Cash $473

DR CRA Payable, $164

DR Union Dues Payable, $136

CR Cash $300

DR Cash, $164

DR Union Dues Payable, $136

CR CRA Payable, $300

DR CRA Payable, $237

DR Union Dues Payable, $136

CR Cash $373

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

Information Technology Auditing

Authors: Hall, J Scott Harr

3rd Edition

1133008046, 978-1439079119

More Books

Students also viewed these Accounting questions

Question

Understand a department managers role in locating job candidates

Answered: 1 week ago