Crane Restaurants Ltd. had the following transactions: May 31 May 31 June 17 Wages earned by...
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Crane Restaurants Ltd. had the following transactions: May 31 May 31 June 17 Wages earned by the employees during the month, which amounted to $89,000, were paid. The source deductions on these wages were CPP of $4,851, El of $1,405, union dues of $770, and income taxes of $22,250. Recorded the employer's portion of CPP and El. Made the remittance to the government related to the May 31 payroll and paid the union dues to the union. (a) Your answer is correct. Determine the amount of the employees' net wages. Net wages $ eTextbook and Media List of Accounts 59724 Attempts: 1 of 2 used Prepare the journal entries necessary to record these transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 125. List all debit entries before credit entries.) Date Account Titles and Explanation (To record wages payable to employees) (To record employer's liabilities) Debit Credit (To record wages payable to employees) (To record employer's liabilities) (Payment to the government) (Pament to the union) Crane Restaurants Ltd. had the following transactions: May 31 May 31 June 17 Wages earned by the employees during the month, which amounted to $89,000, were paid. The source deductions on these wages were CPP of $4,851, El of $1,405, union dues of $770, and income taxes of $22,250. Recorded the employer's portion of CPP and El. Made the remittance to the government related to the May 31 payroll and paid the union dues to the union. (a) Your answer is correct. Determine the amount of the employees' net wages. Net wages $ eTextbook and Media List of Accounts 59724 Attempts: 1 of 2 used Prepare the journal entries necessary to record these transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 125. List all debit entries before credit entries.) Date Account Titles and Explanation (To record wages payable to employees) (To record employer's liabilities) Debit Credit (To record wages payable to employees) (To record employer's liabilities) (Payment to the government) (Pament to the union)
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