Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Matyas Company completed the salary and wage payroll for April of the current year. The payroll provided the following details Salaries and wases earned oployees

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Matyas Company completed the salary and wage payroll for April of the current year. The payroll provided the following details Salaries and wases earned oployees CPP contributions El contributionst Union dues withheld Insurance premiums withheld 12,600 4,000 3,300 1,00 *$12,600 each for employer and employees. Employment Insurance, employees' share. Required: 1. Prepare the journal entry to record the payroll for April, including employee deductions (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No General Journal Debit Credit Date April 30, 2020 1 233.000 Compensation expense Liability for income taxes withhold CPP payable El payable 59.500 12.600 4000 2. Prepare the journal entry to record the employer's additional payroll expenses. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students explore these related Accounting questions