Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The PDOC for Iris Simpson shows the information that follows (Click the icon to view the PDOC.) Prepare the journal entries to record the

image text in transcribed

The PDOC for Iris Simpson shows the information that follows (Click the icon to view the PDOC.) Prepare the journal entries to record the accrual of this payroll and the related employer's liability on June 30. CIT Prepare the journal entry to record the accrual of the payroll on June 30. (Enter debits first, then credits. Explanations are not required. Leave unused cells blank. Round amounts to the nearest cent.) Date June 30 Account Titles Debit Credit PDOC Salary income $ 2,010.00 Federal tax deduction 212.14 Provincial tax deduction 134.88 Total tax deductions 347.02 CPP deductions 105.88 El deductions Total deductions Net amount 31.76 484.66 $ 1,525 34 Print Done - X

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_2

Step: 3

blur-text-image_3

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

Financial and Managerial Accounting Information for Decisions

Authors: John Wild, Ken Shaw, Barbara Chiappetta

6th edition

78025761, 978-0078025761

More Books

Students also viewed these Accounting questions

Question

How is profit measured?

Answered: 1 week ago