Question: Based on the payroll register below, prepare the following journal entries using the Excel spreadsheet posted under Week 15 in eConestoga. Upload the completed

Based on the payroll register below, prepare the following journal entries using the Excel spreadsheet posted under Week 15 i

Use this form to record the payroll journal entries. You can print this form and hand write the journal entries and complete  

Based on the payroll register below, prepare the following journal entries using the Excel spreadsheet posted under Week 15 in eConestoga. Upload the completed spreadsheet to the Assignments Final Exam folder in eConestoga. 1. The employees are paid June 30th for the pay period ended June 30th. Record the payroll register. (7 marks) 2. Journal entry to record employer costs. The employer matches the group benefits deducted. The company is not registered for EHT. The WSIB rate is 2.75. (6 marks) 3. Journal entry to pay the donations - July 2nd. (1 mark) 4. Journal entry to pay group benefits - July 10th (2 marks) 5. Journal entry to pay the source deductions. The company is a monthly remitter. Write the cheque on the due date. (4 marks) 6. Journal entry to pay WSIB. The company is a monthly remitter. Write the cheque on the due date. (2 marks) Accrued Group Gross Pay CPP El Tax Donations Net Pay Vacation Benefits Fred Jones 2000 Veima Dinkley1900 Daphne Blake2200 6100 93 32 162 120 76 132 328 80 50 200 330 120 95 75 290 1393 1423 1450 4266 30 138 88 104 285 35 204 Total 97 504 Use this form to record the payroll journal entries. You can print this form and hand write the journal entries and complete it in Excel. Upload your file to the Assignments file in Excel or as a PDF if handwritten. General Journal Date Account and Description Debit Credit

Step by Step Solution

3.46 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Name Gross Pay CPP EI Tax Accrued Vacation Donation Group benefit Net Pay Fred Jones 2000 93 32 162 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Organizational Behavior Questions!