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prepare the journal entry to record the weekly payroll ending January 15 and also the employer's benefits expense on the payroll Falcon Company's payroll for
prepare the journal entry to record the weekly payroll ending January 15 and also the employer's benefits expense on the payroll
Falcon Company's payroll for the week ending January 15 amounted to $70,000 for Office Salaries and $140,000 for Store Wages. None of the 7 employees has reached the earnings limits specified for CPP or El payroll taxes. The following deductions were withheld from employees' salaries and wages: Federal and Provincial Income Taxes $41,600 CPP 6,420 6,870 Union Dues 2,100 United Way 1,400 Instructions Prepare the journal entry to record the weekly payroll ending January 15 and also the employer's benefits expense on the payroll. General Journal Particulars Page 9 Credits PR Debits Dat e 2022 Step by Step Solution
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