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Please correct if there is any mistakes. Payroll data for The Candy Co. For the month of June is shown below: Candy Co doubles the
Please correct if there is any mistakes.
Payroll data for The Candy Co. For the month of June is shown below: Candy Co doubles the employee's charitable contributions to Save the Children Canada and matches the employee's medical contributions. Required: 1. Record the company's benefits expense for the month of June. 2.In July, the Candy Co. Issued the following four remittance cheques: a. July 10 , to the Employee's Union, cheque no. 495 b. July 15 , to the Provincial Health Care Insurance Company, cheque no. 502 c. July 15 , to the CRA, cheque no. 503 d. July 25 , to Save the Children Canada, cheque no. 531 How much was each cheque for? 3. What journal entries would be made to record the four cheques in part 2 above? GENERAL JOURNAL
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