Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Sure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40 hours a week. Payroll data for the week ended March 14, 2021, follow: Employee Total Hours CPP EI Income Tax Hourly Rate $26.00 United Way $8.20 6.10 1. Dahl 39.0 $46.86 $80.50 $16.83 8.55 F. Gualtieri 44.0 11.20 22.17 92.95 G. Ho 40.0 17.70 31.71 11.75 91.00 4.40 A. Israeli 41.0 14.30 26.04 9.85 88.60 6.50 Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) Gross Earnings Gross Pay Employee Hours Regular Overtime I. Dahl $ $ F. Gualtieri G. Ho A. Israeli Totals $ $ Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) SURE VALUE HARDWARE Payroll Register Deductions Income Tax CPP United Way $ $ $ $ $ $ ta $ $ Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) Deductions Income Tax Net Pay United Way Total $ $ $ $ $ $ Record the payroll on March 14 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay. (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. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Mar. 14 (To record salaries expense.) Mar. 14 (To record employer benefits expense.) Record the payment of the payroll on March 14. (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. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Mar. 14 (To record payment of salaries payable.) Record the payment of remittances to the Receiver General on April 15. (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. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Apr. 15 (To record remittance of benefits deducted.) Sure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40 hours a week. Payroll data for the week ended March 14, 2021, follow: Employee Total Hours CPP EI Income Tax Hourly Rate $26.00 United Way $8.20 6.10 1. Dahl 39.0 $46.86 $80.50 $16.83 8.55 F. Gualtieri 44.0 11.20 22.17 92.95 G. Ho 40.0 17.70 31.71 11.75 91.00 4.40 A. Israeli 41.0 14.30 26.04 9.85 88.60 6.50 Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) Gross Earnings Gross Pay Employee Hours Regular Overtime I. Dahl $ $ F. Gualtieri G. Ho A. Israeli Totals $ $ Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) SURE VALUE HARDWARE Payroll Register Deductions Income Tax CPP United Way $ $ $ $ $ $ ta $ $ Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) Deductions Income Tax Net Pay United Way Total $ $ $ $ $ $ Record the payroll on March 14 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay. (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. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Mar. 14 (To record salaries expense.) Mar. 14 (To record employer benefits expense.) Record the payment of the payroll on March 14. (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. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Mar. 14 (To record payment of salaries payable.) Record the payment of remittances to the Receiver General on April 15. (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. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Apr. 15 (To record remittance of benefits deducted.)

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

Investment Theory And Risk Management

Authors: Steven Peterson

1st Edition

9781118129593

More Books

Students also viewed these Accounting questions