Question
Prepare the following Journal entries in relation to this pay period register. April 4 th Pay date Bi-weekly Earnings CPP EI Tax Company paid benefits
- 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 | Company paid benefits | Union dues | Net pay |
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| Sousa | Sammy | 1,250.00 | 120.00 | 70.00 | 325.00 | 55.00 | $15 |
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| Mitchell | Michelle | 1,725.50 | 110. | 55.00 | 250.00 | 55.00 | $15 |
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| Chang | Francis | 2,150.30 | 115.75 | 65.50 | 305.00 | 55.00 | $15 |
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| Cunning | John | 2,300.00 | 120.00 | 70. | 325.00 | 0 | $15 |
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| Catulli | Randy | 1,450.00 | X | 42.00 | 125.50 | 35.00 | $15 |
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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.
- Record the journal entry for company fringe benefits.
- Record the journal entry to issue payment to the Canada Revenue Agency
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The Definitive Guide To Blockchain For Accounting And Business
Authors: Saurav K. Dutta
1st Edition
1789738687, 9781789738681
