Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 El 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 BI U A + ... 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 D. to record estimated vacation pay. Date Accounts Debit Credit E. To pay the payroll. Date Accounts Debit Credit F. To record remittance to Choices for Youth on September 10th Date Accounts Debit Credit G. 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 1. To record remittance to Blue Cross on September 2014 Date Accounts Debit Credit
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