Question
Prepare the following Journal entries in relation to this pay period register. April 4 th Pay date Bi-weekly Earnings CPP EI Tax Union dues Company
- Prepare the following Journal entries in relation to this pay period register.
| April 4th Pay date Bi-weekly |
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| Earnings | CPP | EI | Tax | Union dues | Company paid benefits | Net pay |
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| Fernlund | Sally | 2,300.00 | 120.00 | 70.00 | 325.00 | 7.00 | 45.00 |
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| Tabour | Brett | 1,400.50 | 110. | 55.00 | 250.00 | 7.00 | 45.00 |
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| Storm | Jessica | 2,000.30 | 115.75 | 65.50 | 305.00 | 5.00 | 45.00 |
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| Silva | Andrew | 2,200.00 | 120.00 | 70. | 325.00 | 7.00 | 0 |
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| Catulli | Rose | 1,150.00 | X | 42.00 | 125.50 | 5.00 | 25.00 |
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| Lang | Richard | 1,980.00 | 145.00 | 50.00 | 350.00 | X | 35.00 |
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- Prepare the payroll register Journal entry
- Prepare the vacation accrual entry at 6% assuming all earnings are vacationable earnings.
- Record the journal entry to record the Company expenses for Source deductions, check to be issued at a later date.
- Record the journal entry for company fringe benefits
- Record the journal entry to issue payment to the Canada Revenue Agency for source deduction
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
