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Take me to the text. The payroll records of Russoff Restaurant provided the following information for the weekly period ended November 27, 2020. All employees
Take me to the text. The payroll records of Russoff Restaurant provided the following information for the weekly period ended November 27, 2020. All employees are paid 1.5 times their hourly wage.
Take me to the text The payroll records of Russoff Restaurant provided the following information for the weekly pay period ended November 27, 2020. All employees are paid 1.5 times their hourly wage for hours worked in excess of 40 hours per week. The company contributes 100% for its share of CPP, and 140% of El. Employee Hours Worked Hourly Rate Controlled Tips Income Tax CPP Caron Prosser 42 $14.00 $230 $166 $40.15 $13.15 Diane Ferenbach 41 $15.00 $250 $175 $42.27 $12.79 Jessie Moore 47 $18.00 $330 $248 $61.51 $19.58 Karen Krigner 43 $15.00 $260 $186 $45.16 $14.65 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate gross and net pay for each employee. Payroll Register Deductions Employer's Cost CPP Gross Employee Income Tax El CPP Net Pay $ $ Caron Prosser $ $ ta $ $ Diane Ferenbach $ $ Jessie Moore $ $ Karen Krigner $ Tota! $ $ $ $ b) Prepare the payroll journal entries for November 27, 2020. The employees will be paid at a later date. 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. Date Account Title and Explanation Debit Credit 2020 Nov 27 Record payroll Nov 27 Record additional employer expenses c) Prepare a journal entry to record the cash payment of the payroll liabilities due to the CRA on December 15, 2020. Date Account Title and Explanation Debit Credit 2020 Dec 15 Pay payroll liabilities due to CRA
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