The following is Hoshi's payroll information on employees' deductions for March: Hoshi pays its employees at the
Question:
Hoshi pays its employees at the end of each month, and is required to remit employees' deductions and payroll payable to CRA by April 15.
Requirements
1. Record the journal entries for salaries expense and employee benefit expense on March 31.
2. Record the journal entry for the remittance to CRA on April 15.
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Related Book For
Financial Accounting
ISBN: 978-0133375534
2nd Canadian edition
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
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