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please answer the last question as soon as possible Culver Restaurant's gross payroll for April is $48,300. The company deducted $2,632 for CPP, $763 for
please answer the last question as soon as possible
Culver Restaurant's gross payroll for April is $48,300. The company deducted $2,632 for CPP, $763 for El, and $9,181 for income taxes from the employees' cheques. Employees are paid monthly at the end of each month. (a) Prepare a journal entry for Culver on April 30 to record the payment of the April payroll to employees. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Prepare a journal entry on April 30 to accrue Culver's employer payroll costs. Assume that Culver is assessed workers' compensation premiums at a rate of 1% per month and accrues for vacation pay at a rate of 4% per month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, eg. 5,276.) Prepare a journal entry for Culver on April 30 to record the payment of the April payroll to employees. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)Step by Step Solution
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