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Sunflower Shop in Oakville, Ontario employs an assistant manager, Anna Swanson, and a part-time assistant, Louise Blanger, to operate the flower shop. Anna has an
Sunflower Shop in Oakville, Ontario employs an assistant manager, Anna Swanson, and a part-time assistant, Louise Blanger, to operate the flower shop. Anna has an annual salary of $52,100 and Louise is paid $22 per hour. Both employees are paid biweekly levery two weeks). In the pay period ended May 31, 2021, Louise worked 99 hours and is paid time and one half for hours worked in excess of 80. Your answer is incorrect. Determine the gross and net pay of each employee, using the following table. Provincial CPP Tax Federal Tax $228.54 $228.96 Total Tax $344.56 $345.67 Anna Swanson Louise Blanger $92.53 $111.49 $33.26 $39.62 $116.02 $116.71 (Round answers to 2 decimal places, eg. 52.75.) Anna Swanson Louise Blanger $ Gross pay $ S Net pay $ Prepare the journal entry to record the payment of the May 31 payroll to employees. (Round answers to 2 decimal places, es. 52.75. 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 for the amounts.) Date Account Titles and Explanation Debit Credit May 31 Salaries Expense CPP Payable El Payable Income Tax Payable Salaries Payable Prepare a journal entry on May 31 to accrue Sunflower Shop's employer payroll costs. Assume that Sunflower Shop is assessed Workers' Compensation at a rate of 2% per pay period and accrues for vacation pay at a rate of 4% per pay period. (Round answers to 2 decimal places, eg. 52.75. 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 for the amounts.) Credit Debit Date Account Titles and Explanation May 31 Assistance U Prepare the journal entry to record Sunflower's remittance to the Receiver General for the payroll of May 31 The cheque is issued on June 15, 2021. (Round answers to 2 decimal places, eg. 52.75. 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 for the amounts.) Date Account Titles and Explanation Debit Credit June 15 Sunflower Shop in Oakville, Ontario employs an assistant manager, Anna Swanson, and a part-time assistant, Louise Blanger, to operate the flower shop. Anna has an annual salary of $52,100 and Louise is paid $22 per hour. Both employees are paid biweekly levery two weeks). In the pay period ended May 31, 2021, Louise worked 99 hours and is paid time and one half for hours worked in excess of 80. Your answer is incorrect. Determine the gross and net pay of each employee, using the following table. Provincial CPP Tax Federal Tax $228.54 $228.96 Total Tax $344.56 $345.67 Anna Swanson Louise Blanger $92.53 $111.49 $33.26 $39.62 $116.02 $116.71 (Round answers to 2 decimal places, eg. 52.75.) Anna Swanson Louise Blanger $ Gross pay $ S Net pay $ Prepare the journal entry to record the payment of the May 31 payroll to employees. (Round answers to 2 decimal places, es. 52.75. 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 for the amounts.) Date Account Titles and Explanation Debit Credit May 31 Salaries Expense CPP Payable El Payable Income Tax Payable Salaries Payable Prepare a journal entry on May 31 to accrue Sunflower Shop's employer payroll costs. Assume that Sunflower Shop is assessed Workers' Compensation at a rate of 2% per pay period and accrues for vacation pay at a rate of 4% per pay period. (Round answers to 2 decimal places, eg. 52.75. 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 for the amounts.) Credit Debit Date Account Titles and Explanation May 31 Assistance U Prepare the journal entry to record Sunflower's remittance to the Receiver General for the payroll of May 31 The cheque is issued on June 15, 2021. (Round answers to 2 decimal places, eg. 52.75. 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 for the amounts.) Date Account Titles and Explanation Debit Credit June 15
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