Mindy Berry Farm has 25 employees who are paid bi-weekly. The payroll register showed the following...
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Mindy Berry Farm has 25 employees who are paid bi-weekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2017. Gross Pay 65,950.00 Income Taxes EI Premium 1,207.00 9,095.00 CPP 3,098.00 a. Using the information provided above, prepare the journal entry to record the payroll expenses. b. Using the information above, prepare a journal entry to record the employer's share of payroll deductions. [CPP matching 1:1, EI matching 1: 1.4] Mindy Berry Farm has 25 employees who are paid bi-weekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2017. Gross Pay 65,950.00 Income Taxes EI Premium 1,207.00 9,095.00 CPP 3,098.00 a. Using the information provided above, prepare the journal entry to record the payroll expenses. b. Using the information above, prepare a journal entry to record the employer's share of payroll deductions. [CPP matching 1:1, EI matching 1: 1.4]
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Date b Account Title a March23 2017 Salaries and Wages Expense Income Tax ... View the full answer
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Posted Date:
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