Question: Old MathJax webview MC On March 27, at the end of a pay period, XYZ Corporation's Payroll Register showed that its 22 employees had earned
Old MathJax webview


MC On March 27, at the end of a pay period, XYZ Corporation's Payroll Register showed that its 22 employees had earned $19,700 of sales salaries and $6,400 of office salaries. Withholdings from the employees' salaries were to include $491 of El, $1,146 of CPP, $5,380 of income taxes, $581 of medical insurance, and $307 of union dues. Prepare journal entries to record the following: a. March 27 payroll. b. XYZ Corporation's expenses resulting from the March 27 payroll. Assume the employer's El and CPP contributions are at the rate of 1.4 times and equivalent to the employee's portion, respectively. U Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Page Gj1 Date Account/Explanation F Debit Credit + Question 10 [10 points] On March 27, at the end of a pay period, XYZ Corporation's Payroll Register showed that its 22 employees had earned $19,700 of sales salaries and $6,400 of office salaries. Withholdings from the employees' salaries were to include $491 of EI, $1,146 of CPP, $5,380 of income taxes, $581 of medical insurance, and $307 of union dues. Prepare journal entries to record the following: re 1. a. March 27 payroll. b. XYZ Corporation's expenses resulting from the March 27 payroll. Assume the employer's El and CPP contributions are at the rate of 1.4 times and equivalent to the employee's portion, respectively. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Page Gj1 Date Account/Explanation F Debit Credit W F 11
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