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Record the payroll entries in the General journal based on the following payroll register: A company has three employees, each of whome has been employed
Record the payroll entries in the General journal based on the following payroll register:
A company has three employees, each of whome has been employed since January earns $ per month, and is paid on the last day of each month. On
March the following accounts and balances appeared in its ledger.
a Employees' Income Taxes Payable, $liability for February
b El Payable, $liability for February
c CPP Payable, $liability for February
d Employees' Medical Insurance Payable, $liability for January and February
During March and April, the company completed the following related to payroll:
Mar. Issued cheque # payable to the Receiver General for Canada. The cheque was in payment of the February employee income taxes, EI and CPP
amounts due.
Mar. Prepared a general journal entry to record the March payroll register, which had the following column totals:
Mar. Recorded the employer's $ liability for its contribution to the medical insurance plan of employees and vacation pay accrued to
the employees
Mar. Prepared a general journal entry to record the employer's payroll costs resulting from the March payroll
Apr. Issued cheque # payable to the Receiver General for Canada in payment of the March mandatory deductions
Apr. Issued cheque # payable to National Insurance Company in payment of the employee medical insurance premiums for the first quarter
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