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Waterway Financial Services has its headquarters in Nanaimo, British Columbia. The City of Nanaimo assesses property taxes on June 30 annually and notifies property owners
Waterway Financial Services has its headquarters in Nanaimo, British Columbia. The City of Nanaimo assesses property taxes on June 30 annually and notifies property owners electronically. Property taxes are due to be paid by July 31. Property taxes are for the calendar year. On June 30, 2022, Waterway receives its notice for its 2022 property taxes, which are due in the amount of $15,360. Prepare the journal entry to record the payment of wages to the employees on June 30. No previous payroll entries had been made for the month. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation Debit Credit June 30 Employee Income Tax Payable 2138 El Payable 696 CPP Payable 1130 Cash 3964 Waterway Financial Services has its headquarters in Nanaimo, British Columbia. The City of Nanaimo assesses property taxes on June 30 annually and notifies property owners electronically. Property taxes are due to be paid by July 31. Property taxes are for the calendar year. On June 30, 2022, Waterway receives its notice for its 2022 property taxes, which are due in the amount of $15,360. Prepare the journal entry to record the payment of wages to the employees on June 30. No previous payroll entries had been made for the month. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation Debit Credit June 30 Employee Income Tax Payable 2138 El Payable 696 CPP Payable 1130 Cash 3964
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