Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Question 7 of 8 3 . 5 1 4 Bridgeport Restaurant's gross payroll for April is $ 4 7 , 4 0 0 . The

Question 7 of 8
3.514
Bridgeport Restaurant's gross payroll for April is $47,400. The company deducted $2,583 for CPP, $749 for EI, and $9,071 for income taxes from the employees' cheques. Employees are paid monthly at the end of each month.
(a)
Your answer is partially correct.
Prepare a journal entry for Bridgeport on April 30 to record the payment of the April payroll to employees. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)
Date
Account Titles
Debit
Credit
Apr. 30
Salaries Expense
47,400
CPP Payable
El Payable
Income Tax Payable
Cash
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions