A company's 18 sales personnel earned salaries of $15,000 during the period March 5-10, all of which
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Question:
A company's 18 sales personnel earned salaries of $15,000 during the period March 5-10, all of which were subject to 4.95% CPP and 1.88% EL All personnel are entitled to 2 weeks, paid annual vacation. In addition, the company has agreed with its employees to withhold the following amounts: $900 for hospital insurance, $2,600 for federal and provincial income taxes, and $180 for union dues
Required
Prepare the March 10 general journal entries to record the payroll.
Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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