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Oriole Financial Services has its headquarters in Nanaimo, British Columbia. The City of Nanaimo assesses property taxes on June 30 annually and notifies property owners
Oriole Financial Services has its headquarters in Nanaimo, British Columbia. The City of Nanaimo assesses property taxes on June 30 annually and notifies property owners electronically. Property taxes are due to be paid by July 31 . Property taxes are for the calendar year. On June 30, 2022, Oriole receives its notice for its 2022 property taxes, which are due in the amount of $12,480. (a) Prepare the journal entry on June 30 when Oriole receives its property tax notice. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation June 30 , 2022 Debit Credit Credit eTextbook and Media List of Accounts Assistance Used Attempts: 6 of 15 used (b) Prepare the journal entry on July 31 when Oriole pays its property taxes. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Crane Kltchen Is a small restaurant In Waterloo, Ontarlo that pays Its employees monthly at the end of the month. For the month of June, Crane KItchen had gross payroll of $10,000. The company deducted $444 for CPF, $180 for El and $1,698 for Income taxes. (a) Prepare the journal entry to record the payment of wages to the employees on June 30 . No prevlous payroll entrles had been made for the month. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) D eTextbook and Media List of Accounts Assistance Used Attempts: 2 of 15 used (b) Prepare the journal entry to record the employer payroll costs on June 30 . Remember that the employer Is requlred to pay 140% of the El contrlbutlons deducted for employees, while the employer CPP matching payment is at 100\%. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually.) (c) The parts of thls questlon must be completed in order. This part will be avallable when you complete the part above. Oriole Financial Services has its headquarters in Nanaimo, British Columbia. The City of Nanaimo assesses property taxes on June 30 annually and notifies property owners electronically. Property taxes are due to be paid by July 31 . Property taxes are for the calendar year. On June 30, 2022, Oriole receives its notice for its 2022 property taxes, which are due in the amount of $12,480. (a) Prepare the journal entry on June 30 when Oriole receives its property tax notice. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation June 30 , 2022 Debit Credit Credit eTextbook and Media List of Accounts Assistance Used Attempts: 6 of 15 used (b) Prepare the journal entry on July 31 when Oriole pays its property taxes. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Crane Kltchen Is a small restaurant In Waterloo, Ontarlo that pays Its employees monthly at the end of the month. For the month of June, Crane KItchen had gross payroll of $10,000. The company deducted $444 for CPF, $180 for El and $1,698 for Income taxes. (a) Prepare the journal entry to record the payment of wages to the employees on June 30 . No prevlous payroll entrles had been made for the month. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) D eTextbook and Media List of Accounts Assistance Used Attempts: 2 of 15 used (b) Prepare the journal entry to record the employer payroll costs on June 30 . Remember that the employer Is requlred to pay 140% of the El contrlbutlons deducted for employees, while the employer CPP matching payment is at 100\%. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually.) (c) The parts of thls questlon must be completed in order. This part will be avallable when you complete the part above
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