The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee earnings records as well
Question:
The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee earnings records as well as daily time cards. Your task is
(a) To complete a payroll register on November 5 and
(b) To journalize the appropriate entry to record the weekly payroll.
Assumptions
1. Income tax (federal and provincial), CPP, and EI are from tables at the end of this chapter (see Appendices 9-1 to 9-3).
2. Each employee contributes $20 per week for health insurance.
3. Overtime is paid at a rate of time-and-a-half over 40 hours per week, or 8 hours in any given day.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0133133233
12th Canadian edition
Authors: Jeffrey Slater, Brian Zwicker
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