Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rabbit Inc. has two employees and the payroll register showed the following information for the biweekly pay period ended March 29, 2022 Employee Gross Pay

image text in transcribed
Rabbit Inc. has two employees and the payroll register showed the following information for the biweekly pay period ended March 29, 2022 Employee Gross Pay EI CPP Income Taxes Total Deductions Linda 1,925.00 30.42 102.05 276.39 408.86 1,516.14 Brandy 1.730.00 2733 90.94 228.33 346.60 1.383.40 Totals 3.655.00 57.75 192.99 504.72 755.46 2.899.54 Net pay Prepare the journal entry, in good form, to record the payroll liability on March 29, 2022. Ignore the employer's CPP and El contributions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions