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Required information Here is a sample Payroll Register for a weekly payroll of an Ontario company: Week of Jan 31 Hours Earnings
Required information
Here is a sample Payroll Register for a weekly payroll of an Ontario company:
Week of Jan 31 | Hours | Earnings | ||||||||||
Employee | Rate | Reg | OT | Reg | OT | Vac Pay | Gross | CPP | EI | Fed Tax | Prov Tax | Net |
H.Boss | $40.00 | 37.5 | 0 | $1,500.00 | $ - | $90.00 | $1,590.00 | $75.37 | $29.89 | $286.20 | $190.80 | $1,007.74 |
J.Doer | $15.00 | 20 | 0 | $300.00 | $ - | $18.00 | $318.00 | $12.41 | $5.98 | $31.80 | $159.00 | $108.81 |
L.Fickle | $12.50 | 37.5 | 8.5 | $468.75 | $159.38 | $37.69 | $665.81 | $29.63 | $12.52 | $119.85 | $79.90 | $423.91 |
N.Host | $18.00 | 37.5 | 4 | $675.00 | $108.00 | $46.98 | $829.98 | $37.75 | $15.60 | $149.40 | $99.60 | $527.63 |
P.Jules | $19.25 | 37.5 | 0 | $721.88 | $ - | $43.31 | $765.19 | $34.55 | $14.39 | $137.73 | $91.82 | $486.70 |
R.Landing | $25.00 | 5 | 0 | $125.00 | $ - | $7.50 | $132.50 | $3.23 | $2.49 | $ - | $ - | $126.78 |
Total | 175 | 12.5 | $3,790.63 | $267.38 | $243.48 | $4301.48 | $192.94 | $80.87 | $724.98 | $621.12 | $2681.57 |
Use the information in this table to answer the following questions.
Use the payroll register provided to create the payroll journal entry for Jan. 31. Exclude the employer portions for this entry. Ignore the requirement for account numbers for this question.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Heres the payroll journal entry for Jan 31 based on the provided payroll register Debit Cash 379063 ...Get Instant Access with AI-Powered Solutions
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