Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during...

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Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15 Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15 Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15 Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15 Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15 Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15 Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15 Hilton Ventures Ltd. had the following transactions: Oct, 31 Recorded wages earned by the employees during the month, which amounted to $75,000. The source deductions on these wages were CPP of $3,715, El of $1,225, and income taxes of $11,250. Nov. 2 Paid the wages recorded on October 31. Nov. 15 Made the remittance to the government related to the October 31 payroll. Determine the amount of the employees' net wages. 2$ Net wages eTextbook and Media List of Accounts Prepare the journal entries necessary to record these transactions. (Enter debit entries first followed by credit entries. 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.) Date Account and explanation Debit Credit Oct. 31 (To record wages payable to employees.) (To record employer's liabilities.) Nov. 2 Nov. 15 Nov. 15

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Date Account and Explanation Debit Credit Oct 31 Wages Expnses 7500000 CPP payable 37... View the full answer