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uestion 12 01 20 -79 Whispering Winds Corp.s gross payroll for April is $49,300. The company deducted $2.257 for CPP. $1,043 for El, and $9.121
uestion 12 01 20 -79 Whispering Winds Corp.s gross payroll for April is $49,300. The company deducted $2.257 for CPP. $1,043 for El, and $9.121 for income taxes from the employees' cheques. Employees are paid monthly at the end of each month, Prepare a journal entry for Sheffield on April 30 to record the payment of the April payroll to employees. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Apr. 30 ENG . G C here to search SEUS Prepare a journal entry on April 30 to accrue Sheffield's employer payroll costs. Assume that Sheffield is assessed workers' compensation premiums at a rate of 1% per month and accrues for vacation pay at a rate of 4% per month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Round answers to decimal places, eg. 5,276.) Debit Credit Date Account Titles and Explanation Apr. 30 I I (To record employer's payroll costs.) o C pe here to search A 9 = On May 15, Sheffield pays the Receiver General the correct amounts for April's payroll. Prepare a journal entry to record this remittance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation May 15 I (To record remittance of payroll deductions.) o C here to search SUS
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