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The payroll records of ACME Inc. provided the following information for the biweekly pay period ended January 17, 2020. ACME Inc. accrues the employee's health
The payroll records of ACME Inc. provided the following information for the biweekly pay period ended January 17, 2020. ACME Inc. accrues the employee's health insurance of $500 for the pay period. Gross Income Pay Taxes $9,800.00 1,674.85 Premium Union CPP Dues 178.60 419.43 250.00 Required: Prepare the following journal entries to record: 1. The January 17 accrued payroll to employees. (3 marks) 2. The January 17 accrual of employer's share of payroll costs. (3 marks) 3. The February 15 payment of remittances to the Receiver General for Canada
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