The following information as to earnings and deductions for the weekly pay period ended March 9...
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The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's p records: Employees' Names Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals View transaction list No Weekly Gross Earnings to End of Pay Previous Week $ 720 610 830 1,700 $3,860 S Required: 1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) Gross Pay Date March 09 E Premium $12,510 10,320 15,500 29,500 $ Income Taxes Deductions View journal entry worksheet 168 10 142 05 720.00 $ 11.38 35.57 $ 24.00 610.00 9.64 29.58 24.00 13.11 194.65 41.57 36.00 830.00 1.700.00 26.88 468.65 88.99 24.00 $ 3,860.00 $ 60.99 $ 973 45 $ 195.70 $ 108.00 $ $ CPP Income Taxes $168.10 142.05 194.65 468.65 $973.45 General Journal Office salaries expense Employees' income taxes payable Employees' health insurance payable El payable CPP payable Health Insurance Health Insurance Deductions $24.00 24.00 36.00 24.00 $108.00 2. Prepare a General Journal entry to record the payroll. Assume all employees work in the office. (Round the final answers to 2 decimal places.) Total Deductions 0.00 $ Net Pay 0.00 Debit Credit The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's p records: Employees' Names Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals View transaction list No Weekly Gross Earnings to End of Pay Previous Week $ 720 610 830 1,700 $3,860 S Required: 1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) Gross Pay Date March 09 E Premium $12,510 10,320 15,500 29,500 $ Income Taxes Deductions View journal entry worksheet 168 10 142 05 720.00 $ 11.38 35.57 $ 24.00 610.00 9.64 29.58 24.00 13.11 194.65 41.57 36.00 830.00 1.700.00 26.88 468.65 88.99 24.00 $ 3,860.00 $ 60.99 $ 973 45 $ 195.70 $ 108.00 $ $ CPP Income Taxes $168.10 142.05 194.65 468.65 $973.45 General Journal Office salaries expense Employees' income taxes payable Employees' health insurance payable El payable CPP payable Health Insurance Health Insurance Deductions $24.00 24.00 36.00 24.00 $108.00 2. Prepare a General Journal entry to record the payroll. Assume all employees work in the office. (Round the final answers to 2 decimal places.) Total Deductions 0.00 $ Net Pay 0.00 Debit Credit
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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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