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M&D Company has numerous employees who are paid on a monthly basis. M&D offers a benefit expense for a health plan to which it matches
M&D Company has numerous employees who are paid on a monthly basis. M&D offers a benefit expense for a health plan to which it matches the employees' contributions. Vacation pay is given at 4%. Payroll information for August 2021 is given below. Salaries & Wages Expense Employee CPP contributions Employee EI contributions Employee income tax Employee Health Plan - Blue Cross Charitable contributions (Choices for Youth) Nape Union Dues $ 135,000 4,320 2,336 20,250 2,000 875 1,450 Prepare the following journal entries. Paragraph UA + v A. To record the August 2021 payroll. Date Accounts Debit Credit B. To record the employer's share of payroll taxes for August 2021 payroll. Date Accounts Debit Credit C. To record the employer's contribution to the Blue Cross health plan for August 2021. Date Accounts Debit Credit . to record estimated vacation pay. Date Accounts Debit Credit > Paragraph B 1 U NO + V ... E. To pay the payroll Date Accounts Debit Credit E. To record remittance to Choices for Youth on September 10th Date Accounts Debit Credit 6. To record remittance to NAPE union dues on September 11th. Date Accounts Debit Credit H. To record remittance to CRA on? Date Accounts Debit Credit . To record remittance to Blue Cross on September 22nd Date Accounts Debit Credit M&D Company has numerous employees who are paid on a monthly basis. M&D offers a benefit expense for a health plan to which it matches the employees' contributions. Vacation pay is given at 4%. Payroll information for August 2021 is given below. Salaries & Wages Expense Employee CPP contributions Employee EI contributions Employee income tax Employee Health Plan - Blue Cross Charitable contributions (Choices for Youth) Nape Union Dues $ 135,000 4,320 2,336 20,250 2,000 875 1,450 Prepare the following journal entries. Paragraph UA + v A. To record the August 2021 payroll. Date Accounts Debit Credit B. To record the employer's share of payroll taxes for August 2021 payroll. Date Accounts Debit Credit C. To record the employer's contribution to the Blue Cross health plan for August 2021. Date Accounts Debit Credit . to record estimated vacation pay. Date Accounts Debit Credit > Paragraph B 1 U NO + V ... E. To pay the payroll Date Accounts Debit Credit E. To record remittance to Choices for Youth on September 10th Date Accounts Debit Credit 6. To record remittance to NAPE union dues on September 11th. Date Accounts Debit Credit H. To record remittance to CRA on? Date Accounts Debit Credit . To record remittance to Blue Cross on September 22nd Date Accounts Debit Credit
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