Pete's Market Completing Payroll Requirements MINI PRACTICE SET MINI PRACTICE SET mated time 2 hours Pete's Market Completing Payroll Requirements Using the information provided on the following pages, complete the payroll for Pete's Market Use Appendices 9-3, 9-4, 9-5, and 9-6, on pages 427-442 of your text, for the deductions. Please be sure to read all instructions/information carefully. Some employees will max out the deductions for CPP and El and you will have a small amount (or none) to deduct at some point. This Mini Practice Set will aid in putting the pieces of payroll together. In this project, you are the bookkeeper and will have the responsibility of record ing payroll in the payroll register, paying the payroll, recording the employer's tax responsibilities, and making payment according to the CRA's requirements Pete's Market, owned by Pete Reel, is located at 33 Riel Drive, Your Town, Ontario, MSW 2A4. His business number is 123456789 RP. The following are the employees of Pete's Market, along with their salaries, exemptions, etc. Weekly Salaries Date Name Claim Code Weekly Salary Sept. 7, 2018 Fred Flynn $1,190 Sept. 14, 2018 Fred Flynn 5 1,190 Sept. 21, 2018 Fred Flynn Sept. 28, 2018 Fred Flynn 5 Note: Fred Flynn receives a salary increase September 17, 2018 5 1,265 1,265 Sept.7, 2018 Mary Jones 1 $1,265 Sept. 14, 2018 Mary Jones 1 1,265 Sept. 21, 2018 Mary Jones 1,265 Sept. 28, 2018 Mary Jones 1 1.265 Note: On September 21, 2018, Mary reaches her CPP maximum of $2,356.20. Deduct only $34.67 CPP for Mary in that payroll, then no further CPP is deducted in September. Also note that Mary reached her maximum deduction for El in August, so no El deduction is made from her pay in September Sept.7, 2018 Lilly Vron $940 Sept. 14, 2018 Lilly Vron 1 940 Sept. 21, 2018 Lilly Vron 1 940 Sept. 28, 2018 Lilly Vron 3 940 Source deductions payable at August 31, 2018 (employer portion already recorded): CPP Payable EI Payable Income Taxes Payable $1,576.80 $592.08 $3,268.75 184 CHAPTER 10 Using the general journal and payroll register provided, complete the following for the month of September 2018: 2018 Sept. 7 Complete payroll register for September 7 payroll, journalize payroll entry, and journalize entry for all employer's expenses related to payroll 7 Transfer cash for September 7 payroll net pay from operating account to payroll account 14 Process payroll (follow the same procedures as for September 7 payroll). 14 Transfer cash for September 14 payroll net pay from operating account to payroll account 14 Pay CRA for prior month's source deductions payable. 21 Process payroll for September 21. Note change in Fred Flynn's salary. 21 Transfer cash for September 21 payroll net pay from operating account to payroll account. 28 Process payroll for September 28. Note change in Lilly Vron's claim code 28 Transfer cash for September 28 payroll net pay from operating account to payroll account