Jorge makes $40,000 per year and gets paid twice a month. Calculate his take-home pay for one paycheck (assume a tax rate of 20%) on June 30. Label all payroll deductions and show your calculations.

Make journal entries for both the employee and employer payroll contributions for the June 30^th payroll cycle.

On July 14^th, the bookstore remits payroll to the CRA for the entire month of June. Make the necessary journal entry/entries.

Question 2.It is Jan 1, 2018 and the SFU Bookstore just purchased a new truck for $32,000. It will be used for five years and have a salvage value of $2,000. The truck will be driven exactly 20,000 kilometres each year. Assume the bookstore records depreciation once per year, on December 31.

Prepare a depreciation schedule using the Units-of-Production Method.

Prepare a depreciation schedule using the Double-Declining-Balance Method.

The bookstore determines at the end of year 4 that the truck will last an extra year and have a salvage value of $1,000. What is the straight-line depreciation journal entry at the end of year 5, on Dec 31, 2022? Show your calculations.

Six months after making the first revised depreciation entry (on June 30^th, 2023), the bookstore sells the truck for $3,000. Assuming straight-line depreciation, prepare the journal entry/entries to record the disposal of the truck. Show your calculations.

Question 1.Ellie has a small bookkeeping service firm with the following accounts receivables on March 31, 2020:

Customer Name	Amount Owed	Receivable Age in Days
Jaspal Singh	$200	100
Xiao Yang	$500	65
Richard Selnes	$1,000	45
Paul Phillips	$1,500	5
Rocky Balboa	$800	20

Assume Ellie has $120 in her Allowance for Doubtful Accounts and she uses the Percent-of-Accounts Receivable method to estimate uncollectible amounts. 5% of her Accounts Receivable are expected to be uncollectible. Prepare the appropriate journal entry/entries.

Assume Ellie has $190 in her Allowance for Doubtful Accounts and she uses the Aging-of-Accounts Receivable method to estimate uncollectible amounts. 1% of 1-30 days old receivables, 2% of 31-60 days old receivables, 5% of 61-90 days old receivables, and 50% of 90+ days old receivables are expected to be uncollectible. Prepare the appropriate journal entry/entries.

On April 20, 2020, Ellie decides that Jaspal’s accounts receivable balance is uncollectible. Prepare the appropriate journal entry/entries.

On May 31, 2020, Jaspal is taken to court and ordered to pay half of the receivable balance owed. He pays this amount on the same day. Prepare the appropriate journal entry/entries.