Help Save & Exit Submit A company has three employees, each of whom has been employed since January 1, earns $2,650 per month, and is paid on the last day of each month On March 1, the following accounts and balances appeared in its ledger a. Employees' Income Taxes Payable. $1,025.86 diability for February) b. El Payable, $316 73 (liability for February). c. CPP Payable. $700.42 (liability for February) d. Employees' Medical Insurance Payable, $1,580 00 liability for January and February During March and April, the company completed the following related to payroll Mar. 17 issued cheque #320 payable to the Receiver General for Canada. The cheque was in payment of the February employee income taxes, El, and CPP amounts due Mar 31 Prepared a general journal entry to record the March payroll register, which had the following column totals: $131.97 Income Taxes $1,625.86 CPP $350.21 Medical Insurance Total Deductions $395.ee $1,983.64 Net Pay $6,646.96 Office Salaries Shop Salaries $2,65e.ee $5,300.ee Mar 31 Recorded the employer's $395.00 liability for its 50% contribution to the medical insurance plan of employees and 6% vacation pay accrued to the employees Mar. 31 Prepared a general Journal entry to record the employer's costs sulting from the March payroll Apr 17 Issued cheque #385 payable to the Receiver General for Canada in payment of the March mandatory deductions Ar 17 levhariin 200 nahi to Allansininen amant of the Am Marlislineuroime for Prey 1 of 9 11 Next > Help Mar 31 Recorded the employer's $395 00 liability for its 50% contribution to the medical insurance plan of employees and 6 vacation pay accrued to the employees Mar 31 Prepared a general journal entry to record the employer's costs resulting from the March payroll Apr. 17 issued cheque #385 payable to the Receiver General for Canada in payment of the March mandatory deductions Apr 17 Issued cheque 1386 payable to All Canadian Insurance Company in payment of the employee medical insurance premiums for the first quarter Required: Prepare the entries to record the transactions (Round your answers to 2 decimal places. Do not round intermediate calculations) View transaction et Journal entry worksheet 2 3 5 5 > Record the remittance of payroll liabilities to the Receiver General for Canada Prev 1 of 9 !!! Next > arch 117 PM