Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer the following, thank you Concord Kitchen is a small restaurant in Waterioo, Ontario that pays its employees monthly at the end of the

please answer the following, thank you image text in transcribed
image text in transcribed
Concord Kitchen is a small restaurant in Waterioo, Ontario that pays its employees monthly at the end of the month. For the month of June, Concord Kitchen had gross payroll of \$10,750. The company deducted \$477 for CPP, \$210 for El and \$1,818 for income taxes. (a) Prepare the joumal entry to record the payment of wages to the employees on June 30 . No previous payroll entries had been made for the month. (Ust all debit entries before credit entries. Credit occount titler ore outomatically indented when the amount is entered, Do not indent marvally, Prepare the journal entry to record the employer payroll costs on June 30. Remember that the employer is required to pay 140% of the El contributions deducted for employees, while the employer CPP matching payment is at 100\%. RList all debit entries before credit entries Credit occount titles are outomatically indented when the amount is entered, Do not indent manuallk)

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Leading The Digital Workforce Internal Audit And IT Audit

Authors: Jeffrey W. Brown

1st Edition

1032323736, 978-1032323732

More Books

Students also viewed these Accounting questions

Question

How to reverse a Armstrong number by using double linked list ?

Answered: 1 week ago