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This problem includes templates for the answers to write on. Recording employee benefits expense and subsequent calculations (30 min) Cha. P11-2A. Gibraltor Co of Sussex
This problem includes templates for the answers to write on.
Recording employee benefits expense and subsequent calculations (30 min) Cha. P11-2A. Gibraltor Co of Sussex recorded the following payroll details in its payroll journal for the month of March: Deductions Total Income Union Net Employee Salary Tax CPP EI LTD Medical Dues Pay No. 3,200 458 144 60 26 38 24 2,450 716 May George 2,600 394 114 49 50 65 24 1,904 717 Bren Morley 2,700 316 119 51 50 38 24 2,102 718 Joyce Fisher 2,400 282 104 45 26 24 1,919 719 Pat Sailer 2,300 227 99 43 26 38 24 1,843 720 13,200 1,677 580 248 178 179 120 10,218 Fred Jones 120 (ES P1 Check Figure Union dues are remitted by the end of the following month to the employees' union treasurer. Employees pay 100% of the long-term disability (LID). Gibraltor Co. matches its employees' contributions to the medical plan and remits by the 20th of the following month. Required a. Assume that there was no employee benefits expense recognized as the pay- roll register was recorded. Give the general journal entry necessary to record this employee benefits expense for March. b. List the cheques, together with their amounts and dates, that Gibraltor Co. would issue in April with respect to the above payroll data. P11-3A. The Candy Co. of Lethbridge pays its workers twice each month. Data for the Employee Benefits Expense $1,106,20 Recording employee Problem 11-2A Name: Section: Date: GIBRALTOR CO. GENERAL JOURNAL PAGE 5 PR Dr. Cr. Date Account Titles and Description Problem 11-2A (CONCLUDED) Name: Section: Date: b. Calculations: Cheque to Receiver General Details: Cheque Amount Cheque Issued to Cheque Date TOTALSStep by Step Solution
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