Below is the bi-weekly payroll for all employees at Auger Company for Jun 22, 2021 Employees...
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Below is the bi-weekly payroll for all employees at Auger Company for Jun 22, 2021 Employees normally work 80 hours per pay period. The employer retains 6% vacation for all employees. The employer would like to keep track of salary expenses by department (Field and Office) The employer follows the Employment Standards Act of Ontario. Employee Card #Hours Hours Rate Pay Auger, John 1250 Boar, Tina Drill, Tim Spin, Turnner, Joe Twisty, Sue Totals Clock Total O.T. Reg Pay Regular OT Prem Gross EI Income Hospital Total Premiums Premiums Taxes Insurance Deductions Pay 54.79 18.01 117.47 70.27 22.50 172.77 mamme 102.97 31.98 313.20 77.03 24.46 199.28 79.86 25.28 208.99 71.14 22.75 176.71 456.06 144.98 1,188.42 195.00 1487 86 1006 Melissa 1101 80 1089 88 84 80 1322 80 14.25 6 16.00 8 22.00 4 18.00 Earnings 20.00 18.00 1140.00 1376.00 1936.00 1512.00 1600.00 1440.00 9,004.00 Pay 48.00 88.00 36.00 Pay 1140.00 1424.00 2024.00 1548.00 1600.00 1440.00 172.00 9,176.00 Deductions CPP 25.00 25.00 40.00 40.00 40.00 25.00 Net 215.27 924.73 290.54 1133.46 488.15 1535.85 340.77 1207.23 354.13 1245.87 295.60 1144.40 1,984.46 7,191.54 1 Prepare the necessary journal entry to record the bi-weekly payroll to employees assuming it is not paid until tomorrow The employer would like you to split the salaries expense between the two departments. Do not leave any blank spaces between account names/amounts. Cheque Number Dept. 122 Field 123 Field 124 Office 125 Field 126 Office 127 Office Distribution Field Salaries 1140.00 1424.00 1548.00 Office Salaries 2024.00 1600.00 1440.00 4,112.00 5,064.00 Prepare the necessary journal entry to record the bi-weekly payroll to employees assuming it is not paid until tomorrow The employer would like you to split the salaries expense between the two departments. Do not leave any blank spaces between account names/amounts. OT after OT premium CPP 5.45% CPP exemption $ 3,500 EI 1.58% pays vacation 80 0.5 26 6% Date Jun 22 Prepare the necessary journal entry to pay the employees on June 23 Jun 23 Account Name Jun 22 Debit Prepare the journal entry on Jun 22 to accrue the employer payroll costs. Assume the employer pays the same as the employee for hospital insurance, WSIB rate is $3.62 and 6% vacation. Company is EHT exempt. Credit On Jul 15, record the journal entry to pay the remittance that would need to be made to CRA only. Jul 15 Below is the bi-weekly payroll for all employees at Auger Company for Jun 22, 2021 Employees normally work 80 hours per pay period. The employer retains 6% vacation for all employees. The employer would like to keep track of salary expenses by department (Field and Office) The employer follows the Employment Standards Act of Ontario. Employee Card #Hours Hours Rate Pay Auger, John 1250 Boar, Tina Drill, Tim Spin, Turnner, Joe Twisty, Sue Totals Clock Total O.T. Reg Pay Regular OT Prem Gross EI Income Hospital Total Premiums Premiums Taxes Insurance Deductions Pay 54.79 18.01 117.47 70.27 22.50 172.77 mamme 102.97 31.98 313.20 77.03 24.46 199.28 79.86 25.28 208.99 71.14 22.75 176.71 456.06 144.98 1,188.42 195.00 1487 86 1006 Melissa 1101 80 1089 88 84 80 1322 80 14.25 6 16.00 8 22.00 4 18.00 Earnings 20.00 18.00 1140.00 1376.00 1936.00 1512.00 1600.00 1440.00 9,004.00 Pay 48.00 88.00 36.00 Pay 1140.00 1424.00 2024.00 1548.00 1600.00 1440.00 172.00 9,176.00 Deductions CPP 25.00 25.00 40.00 40.00 40.00 25.00 Net 215.27 924.73 290.54 1133.46 488.15 1535.85 340.77 1207.23 354.13 1245.87 295.60 1144.40 1,984.46 7,191.54 1 Prepare the necessary journal entry to record the bi-weekly payroll to employees assuming it is not paid until tomorrow The employer would like you to split the salaries expense between the two departments. Do not leave any blank spaces between account names/amounts. Cheque Number Dept. 122 Field 123 Field 124 Office 125 Field 126 Office 127 Office Distribution Field Salaries 1140.00 1424.00 1548.00 Office Salaries 2024.00 1600.00 1440.00 4,112.00 5,064.00 Prepare the necessary journal entry to record the bi-weekly payroll to employees assuming it is not paid until tomorrow The employer would like you to split the salaries expense between the two departments. Do not leave any blank spaces between account names/amounts. OT after OT premium CPP 5.45% CPP exemption $ 3,500 EI 1.58% pays vacation 80 0.5 26 6% Date Jun 22 Prepare the necessary journal entry to pay the employees on June 23 Jun 23 Account Name Jun 22 Debit Prepare the journal entry on Jun 22 to accrue the employer payroll costs. Assume the employer pays the same as the employee for hospital insurance, WSIB rate is $3.62 and 6% vacation. Company is EHT exempt. Credit On Jul 15, record the journal entry to pay the remittance that would need to be made to CRA only. Jul 15
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Journal Entry Biweekly Payroll for Auger Company 1 Debit Increase Expenses Field Sa... View the full answer
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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