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Please solve the above question. Bramble Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities: 1.
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Bramble Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities: 1. 2. 3. 4. Bramble's cash register showed the following totals at the end of the day on March 17: pre-tax sales $51,000, GST $2,550, and PST $3,570. Bramble remitted $49,000 of sales taxes owing from March to the government on April 30. Bramble received its property tax bill for the calendar year for $63.600 on March 31, payable May 31. Bramble recorded no entries pertaining to property tax during the current year prior to the receipt of this bill. Bramble paid its employees for the week of August 15 on August 20. The gross pay was $84,000. The company deducted $4,128 for CPP. $1,312 for El. $6,400 for pension, and $16,020 for income tax from the employees' pay. Bramble recorded the employer portions of CPP and El for the week of August 15 on August 20 for $4.128 and $1,837. respectively On September 15, all amounts owing for employee income taxes, CPP, and El pertaining to the payroll transactions above were paid. On December 31, Bramble's legal counsel believes that the company will have to pay damages of $50,000 next year to a local utility company for failing to pay it on time during the current year, (Hint: This will affect the Utilities Expense account.) 5. 6. 7 (a) Date Account Titles and Explanation Debit Credit (To record payroll and employee deductions) (To record payroll and employee deductions) (To record employee benefits) ge here to search O WileyPLUS Assignment #8 - Chapter 10 Question 1 of 9 > - / 60 ini View Policies Current Attempt in Progress Bramble Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities: 1. 2. 3. 4. Bramble's cash register showed the following totals at the end of the day on March 17 pre tax sales $51,000 GST $2,550, and PST $3,570 Bramble remitted $49.000 of sales taxes owing from March to the government on April 30. Bramble received its property tax bill for the calendar year for $63,600 on March 31. payable May 31. Bramble recorded no entries pertaining to property tax during the current year prior to the receipt of this bill Bramble paid its employees for the week of August 15 on August 20. The gross pay was $84,000. The company deducted 54.128 for CPP. $1,312 for El, 56,400 for pension, and $16.020 for income tax from the employees' pay. Bramble recorded the employer portions of CPP and El for the week of August 15 on August 20 for $4.128 and $1.837 respectively On September 15, all amounts owing for employee income taxes, CPP, and El pertaining to the payroll transactions above were paid On December 31, Bramble's legal counsel believes that the company will have to pay damages of $50,000 next year to a local utility company for failing to pay it on time during the current year. Hint: This will affect the Utilities Expense account.) 5. 6 2. Record journal entries for the transactions above. (Round answers to the nearest whole dollares. 5,275. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit Type here to search LT + WileyPLUS Assignment #8 - Chapter 10 Question 1 of 9 > -760 III (a) Record journal entries for the transactions above (Round answers to the nearest whole dollar, eg. 5,275. Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when the amount is entered. Do not indent manually stall debit entries before credit entries) Date Account Titles and Explanation Debit Credit ER Type here to search O BI 2ement education wiley.com/usement player/indechonchi 2025-03-30 + WileyPLUS Assignment #8 - Chapter - / 60 !!! Question 1 of 9 V QU Ace Qu hoc (To record payroll and employee deduction) Ou Acce Que ALLE (To record employee benef) Que Mate Que A MUR Ques Mill Quest AR eTextbook and Media List of Accounts Swo Attempts: 0 of 3 used Sant Awe Typesetter 0 M 9
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