Question
Gigi Inc. has the following amounts in its payroll records for a bi-weekly period: Gross pay $9,800 Income Tax (federal and provincial) deducted -
Gigi Inc. has the following amounts in its payroll records for a bi-weekly period: Gross pay $9,800 Income Tax (federal and provincial) deducted - $2,400 CPP deducted $600 El deducted $260 Record the following: 1. The payment to the employees on November 16. 2. The employer's portion of the payroll taxes, assuming it will be remitted next month
Step by Step Solution
There are 3 Steps involved in it
Step: 1
1 Payment to Employees on November 16 Journal Entry Debit Wages Expense 9800 Credit Cash or B...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App