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The June 18, 2022, payroll register is summarized below. The company matches the employee's payments for the retirement program and vacation pay is accrued at
- The June 18, 2022, payroll register is summarized below. The company matches the employee's payments for the retirement program and vacation pay is accrued at 8%. Please record the following:
- What journal entries would be required to record this payroll register and employer expenses relating to this pay run? (8.5 points)
| Office Salaries | Hairdresser Salaries | Total Earnings | EI Premium | CPP Premium | Income Tax | Retirement program | Charitable donations |
| 6,500.00 | 9,850.00 | 16,350.00 | 258.33 | 883.74 | 4,905.00 | 654.00 | 120.00 |
Note: Assume any health taxes and WCB premiums will already be recorded.
- Prepare the journal entry to send the remittances to the CRA for the above June 18th pay period on July 15th. (3.5 points)
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
