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An employee had $21,800 in gross earnings up to March 20, 2021. She has the following information for her pay for the week ending
An employee had $21,800 in gross earnings up to March 20, 2021. She has the following information for her pay for the week ending March 27, 2021. Her employer contributes 100% toward CPP and 140% toward El. Vacation pay is accrued at 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Hours Amount 42 Hourly Rate $16.60 Income Tax $139.44 Canada Pension Plan $34.33 Employment Insurance $11.02 Union Dues $30.00 Charitable Donations $30,00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order a) Prepare the payroll journal entry to record the payroll entry for the employee. The employee will be paid immediately. Date 2021 Account Title and Explanation Mar 27 Salaries Expense Debit Credit 697.2 employer's payroll expense. Date 2021 Account Title and Explanation Debit Credit Mar 27 Employee Benefits Expense 111.55 X CPP Payable 34.33 El Payable Workers' Compensation Payable 6.97 To record employer payroll expenses d) Prepare the journal entry on April 10, 2021 to record the cash payment for statutory amounts owed to the Ci Date 2021 Account Title and Explanation Apr 10 CPP Payable El Payable Income Tax Payable Cash Debit Credit 15.42 x 139.44 To record the payment to the government
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