Christine Ballantyne, the accountant for Smurk Co. of Shelburne, has gathered the following data for the September

Question:

Christine Ballantyne, the accountant for Smurk Co. of Shelburne, has gathered the following data for the September 23 weekly payroll:

Assumptions
Income taxes are calculated at 20%, CPP at 5.10%, and EI at 1.62%.

Required
a. Prepare a payroll register for September 23.
b. Journalize and post the payroll entry.

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College Accounting A Practical Approach

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14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

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Question Posted: Feb 16, 2023 07:45 AM

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Christine Ballantyne, the accountant for Smurk Co. of Shelburne, has gathered the following data for the September

Question:

Employee A. Yeoman R. Bauman M. Good D. Shantz Chq # 47 975.00 48 1,149.00 49 1,410.00 50 Salary $ 940.00 Cumulative CPP Before This Pay $1,059.80 2,405.25 1,722.80 2,478.90 Factory $ 940.00 1,410.00 Office $ 975.00 1,149.00

Step by Step Answer:

a and b Employees have reached their maximum contribution in thi...View the full answer

College Accounting A Practical Approach

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