Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what should the answer be for the red boxes cause they are not right Oriole Restaurants Ltd. had the following transactions: May 31 Wages earned

what should the answer be for the red boxes cause they are not right
image text in transcribed
image text in transcribed
image text in transcribed
Oriole Restaurants Ltd. had the following transactions: May 31 Wages earned by the employees during the month, which amounted to $69,000, were paid, The source deductions on these wages were CPP of $3.761,El of $1.090, union dues of $600, and income taxes of $17,250. May 31 Recorded the employer's portion of CPP and El. June 17 Made the remittance to the government related to the May 31 payroll and paid the union dues to the union. (a) Determine the amount of the employees' net wages. Net wages $ Date Account Titles and Explanation r31 Wages Expense CPP Payable El Payable Union Dues Payable Employee Income Taxes Payable (To record wages payable to employees) Wazes Expense (To record wages payable to employees) ay 31 Wages Expense CPPPayable El Payable (Torecord employer's liabilities) ne 17 CPPPayable El Payable. Employee income Taxes Payable (Payment to the government) 017: Unien Pues Payable

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

ISE Fundamentals Of Cost Accounting

Authors: William N. Lanen, Shannon Anderson, Michael W. Maher

7th Edition

1265117705, 9781265117702

More Books

Students also viewed these Accounting questions

Question

In Exercises 2328, evaluate each factorial expression. (n + 2)! n!

Answered: 1 week ago