An employee had $20,300 in gross earnings up to September 20, 2021. She has the following...

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An employee had $20,300 in gross earnings up to September 20, 2021. She has the following information for her pay for the week ending September 27, 2021. Her employer contributes 100% toward CPP and 140% toward El. Vacation pay is accrued 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Amount Hours Hourly Rate 41 $17.00 Income Tax $139.40 Canada Pension Plan $34.32 Employment Insurance $11.01 Union Dues $20.00 Charitable Donations $20.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order. a) Prepare the payroll journal entry to record the payroll entry for the employee. The employee will be paid immediately. Date Account Title and Explanation 2021 Sep 27 Debit Credit An employee had $20,300 in gross earnings up to September 20, 2021. She has the following information for her pay for the week ending September 27, 2021. Her employer contributes 100% toward CPP and 140% toward El. Vacation pay is accrued 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Amount Hours Hourly Rate 41 $17.00 Income Tax $139.40 Canada Pension Plan $34.32 Employment Insurance $11.01 Union Dues $20.00 Charitable Donations $20.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order. a) Prepare the payroll journal entry to record the payroll entry for the employee. The employee will be paid immediately. Date Account Title and Explanation 2021 Sep 27 Debit Credit

Answer rating: 100% (QA)

Answer To prepare the payroll journal entry for the employee we need to consider the various compone... View the full answer