Question
Hello, Can you help me with this. The following information was taken from the payroll records of Locker Flooring Ltd. for the two-week pay period
Hello,
Can you help me with this.
The following information was taken from the payroll records of Locker Flooring Ltd. for the two-week pay period ending September 10:
Gross Pay$2,640.00Deductions:Federal income tax$404.25Provincial income tax197.00Canada Pension Plan124.12Employment Insurance45.67Health Plan100.00871.04Net Pay$1,768.96
(a)
Record the compound General Journal entry on September 10 for this payroll.
(b)
Record the General Journal entry on September 10 for the employer's contributions to CPP, EI, and the health plan. The employer contributes an equal amount to the health plan.
(c)
Record entries in the Cash Payments Journal for:
the issuance of the paycheques on September 10
the remittance of the health plan contributions to Sun Life on September 30
the remittance of income taxes, CPP, and EI to Canada Revenue Agency on October 14
Thank you
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