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kindly tell answer of part B. need it urgently Question 5 of 5 -12 View Polides Current Attempt in Progress On January 31, 2021. Ivanhoe
kindly tell answer of part B. need it urgently
Question 5 of 5 -12 View Polides Current Attempt in Progress On January 31, 2021. Ivanhoe Company had the following payroll liability accounts in its leder $7.952 5870 1.330 Canada Pension Plan payable Disability insurance payable Employment Insurance payable Income taxpayable Uleiurance payable Union des payable Vacation paypayable 1.500 3.915 21720 4.705 16.502 Workers compensationable in February the following transactions occurred Feb 4 Sent a chegue to the union treasurer for union does 7 Senta cheque to the insurance company for the disability and life insurance 13 Issued a cheque to the Receiver Generalfor the amounts due for CPRE and income tax. 20 28 Pald the amount due to the workers compensation Completed the monthly payrollister which shows gros salaries 596.900. CPP withheld 331 l with $1.935; income tax withheld 518.375, union des withheld $2.164 and long term disability insurance 51 540 28 Prepared payroll cheques for the February net pay and distributed the cheques to the employees In February, the following transactions occurred: Feb. 4 7 13 20 28 Sent a cheque to the union treasurer for union dues Sent a cheque to the insurance company for the disability and Ufe insurance Issued a cheque to the Receiver General for the amounts the for CPP, Eland income tax Paid the amount due to the workers compensation plan Completed the monthly payroll register which shows gross salaries 596.900: CPP withheld 54331 El withheld 51.935; income tax withheld 518,375, union dues withheld $2.104, and long-term disability insurance premium $1.540. Prepared payroll cheques for the February net pay and distributed the chequen to the employees Recorded an adjusting journal entry to record February employee benefits for CPP El workers' compensation at 5% of ross pay, vacation pay at 4% of grow nay and life insurance at 1% of gross play 28 28 Journalize the February transactions and adjustments. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Round answers to decimal places, s. 5275. Recordjoumal entries in the onder presented in the problem Journalize the February transactions and adjustments (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, eg 5,275. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit (To record remittance of union dues payable Feb (To record payment of life and disability premiums payable) Feb. 13 Calculate the balances in each of the payroll liability accounts at February 28, 2021. Round answers to decinal procese 5.275) Canada Pension Plan Payable Date Explanation Ref. Debit Credit Balance Feb 1 Balance 13 28 28 Employment Insurance Payable Date Explanation Ref. Debit Credit alance Balance Feb 1 Balance 13 28 Question 5 of 5 ./2 21 Employment Insurance Payable Debit Credit Date Explanation Ref. Balance Feb 1 tance 13 20 20 Income Tax Payable Debit Credit Balance Date Explanation Rel. F1 Dance 13 20 Undrar de 21C Weach COD Question 5 of 5 Step by Step Solution
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