Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hello please help Monty Restaurant's gross payroll for April is $48,800. The company deducted $2,660 for CPP, $771 for EI, and $9,111 for income taxes
hello please help
Monty Restaurant's gross payroll for April is $48,800. The company deducted $2,660 for CPP, $771 for EI, and $9,111 for income taxes from the employees' cheques. Employees are paid monthly at the end of each month. Prepare a journal entry for Monty on April 30 to record the payment of the April payroll to employees, (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.) Step by Step Solution
There are 3 Steps involved in it
Step: 1
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 Started