Prepare the entries to record the transaction
2 A company has three employees, each of whom has been employed since January 1 earns $2750 per month and is paid on the last day of each month On March 1. the following accounts and balances appeared in its ledger a. Employees Income Taxes Payable, 5106458 ability for February b. El Payable, $328.68 fiability for February c. CPP Payable, 573012 (lability for February) d. Employees' Medical Insurance Payable. $1.620.00 pability for January and February 10 Doint ook During March and April, the company completed the following related to payroll Mar. 17 issued cheque 1320 payable to the Peceler General for Canada The cheque was in payment of the February employee income Taxes. El and CPP amount due. Mar 31 Prepared a general journal entry to record the March payroll register which had the folowing column totale Medical Total Orice ET Income Taxes CPP Insurance Deductions Net Pay Salaries Shop Solaries 3136.95 $1,264.56 $365.06 $405.00 31,971.59 56,270.41 12,750,00 35,500.00 Mar 31 Recorded the employer's $405.00 Wabity for as 50% contribution to the medical insurance plan of employees and 6% vacation pay accrued to the employees Mar 31 Prepared general journal entry to record the employer's costs resulting from the March payroll Apr 17 issued cheque #405 payable to the Receiver General for Canada in payment of the March mandatory deductions Apr 17 Issued cheque #406 payable to All Canadiari Insurance Company in payment of the employee medical insurance premiums for the first quarter Required: Prepare the entries to record the transactions. Round your answers to 2 decimal places. Do not found intermediate calculations) View transaction list Journal entry worksheet Record the remittance of payroll liabilities to the Receiver General for Canada, Note: Enter debits before credits. Date General Journal Debit Credit Mar 17 Recordent Cicatentry View general journal A company has three employees, each of whom has been employed since January 1 earns $2750 per month and is paid on the last day of each month On March 1. the following accounts and balances appeared in its ledger a. Employees Income Taxes Payable. $1.064.58 (liability for February b. El Payable. $328.68 liability for February C. CPP Payable, $73012 liability for February) d. Employees Medical Insurance Payable $1620.00 liability for January and February During March and April, the company completed the following related to payroll Mar 17 issued cheque #320 payable to the Receiver General for Canada The cheque was in payment of the February employee income taxes. El and CPP amounts due Mar 31 Prepared a general journal entry to record the March payroll register, which had the following column totals EN $136.95 Income Taxes 11, 264.58 CPP $365.06 Medical Insurance $405.00 Total Deductions $1,971.59 Net Pay 56,278.41 Office Salaries $2,750.00 Shop Salaries $5,500.00 Mar 31 Pecorded the employer's $405.00 liability for its 50% contribution to the medical insurance plan of employeek and 6% vacation pay accrued to the employees. Mar 31 Prepared a general journal entry to record the employer's costs resulting from the March payroll. Apr 17 issued cheque #405 payable to the Recever General for Canada in payment of the March mandatory deductions Apr 17 issued cheque #406 payable to All Canadian Insurance Company in payment of the employee medical insurance premiums for the first quarter Required: Prepare the entries to record the transactions, (Round your answers to 2 decimal places. Do not found intermediate calculations, A company has three employees, each of whom has been employed since January 1, earns $2,750 per month, and is paid on the last day of each month On March 1, the following accounts and balances appeared in its ledger 4. Employees' Income Taxes Payable. $1.064.58 liability for February) b. El Payable, $328.68 (liability for February) C. CPP Payable, $730.12 liability for February d. Employees' Medical Insurance Payable $1620.00 fiability for January and February) During March and April, the company completed the following related to payroll Mar 17 Issued cheque #320 payable to the Receiver General for Canada. The cheque was in payment of the February employee income taxes, El, and CPP amounts due Mar. 31 Prepared a general journal entry to record the March payroll register, which had the following column totals: Medical Total Office Income Taxes CPP Insurance Deductions Net Pay Salaries Shop Salaries $136.95 $1,064.58 $365.05 $405.00 $1,971.59 $6,278.41 $2,750.00 35,500.00 Mar 31 Recorded the employer's $405.00 liability for its 50% contribution to the medical insurance plan of employees and 6% vacation pay accrued to the employees Mar 31 Prepared a general journal entry to record the employer's costs resulting from the March payroll. Apr 17 Issued cheque #405 payable to the Receiver General for Canada in payment of the March mandatory deductions Apr 17 Issued cheque #406 payable to All Canadian Insurance Company in payment of the employee medical insurance premiums for the first quarter. Required: Prepare the entries to record the transactions, (Round your answers to 2 decimal places. Do not round intermediate calculations.)
