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Please do this question fast On January 4, at the end of a pay period, Allarco Inc.'s Payroll Register showed that its 18 employees had
Please do this question fast
On January 4, at the end of a pay period, Allarco Inc.'s Payroll Register showed that its 18 employees had earned $19,300 of sales salaries and $6,400 of office salaries. Withholdings from the employees' salaries were to include $483 of El, $1,153 of CPP, $4,676 of income taxes, $527 of medical insurance, and $501 of union dues. Prepare journal entries to record the following: a. January 4 payroll. b. Allarco Inc.'s expenses resulting from the January 4 payroll. Assume the employer's El and CPP contributions are at the rate of 1.4 times and equivalent to the employee's portion, respectively. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Page Gj1 Date Account Explanation F Debit Credit +Step by Step Solution
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