PRACTICE EXERCISE $4$

The following information was taken from the payroll records of Locker Flooring Ltd$.$ for the two$-$week pay period ending September $10$:

Gross Pay

Deductions:

$$2,640\mathrm{.}00$

Federal income tax $$404\mathrm{.}25$

Provincial income tax $,197\mathrm{.}00$

Canada Pension Plan $,124\mathrm{.}12$

Employment Insurance $,45\mathrm{.}67$

Health Plan

Net Pay

$100\mathrm{.}00$

$($a$)$ Record the compound General Journal entry on September $10$ for this payroll.

$($b$)$ Record the General Journal entry on September $10$ for the employer's contributions to CPP$,$ EI$,$ and the health plan. The employer contributes an equal amount to the health plan.

$($c$)$ Record entries in the Cash Payments Journal for:

the issuance of the paycheques on September $10$

the remittance of the health plan contributions to Sun Life or September $30$

the remittance of income taxes, CPP$,$ and EI to Canada Revenu Agency on October $14$