Question: Paragraph Styles II . Chapter 1 1 Payroll data for The Candy Co . For the month of June is shown below: table [

Paragraph
Styles
II. Chapter 11
Payroll data for The Candy Co. For the month of June is shown below:
\table[[,Income,,,,,Net],[Employee,Salary,Tax,CPP,El,Union,Charitable,Health,Pay,,,,,,],[Sweeti,3280,404,148,62,28,36,15,2587,,,,,,],[Candi,3160,424,142,59,28,36,15,2456,,,,,,],[Cherri,2600,300,114,48,28,36,15,2059,,,,,,],[Jelli,3118,396,139,58,28,36,15,2446,,,,,,],[,12158,1524,543,227,112,144,60,9548,,,,,,]]
Candy Co doubles the employee's charitable contributions to Save the Children Canada and matches the employee's medical contributions.
Required:
Record the company's benefits expense for the month of June.
2.In July, the Candy Co. Issued the followingfour remittance cheques:
a. July 10, to the Employee's Union, cheque no.495
b. July 15, to the Provincial Health Care Insurance Company, cheque no.502
c. July 15, to the CRA, cheque no.503
d. July 25, to Save the Children Canada, cheque no.531
How much was each cheque for?
3. What journal entries would be made to record the four cheques in part 2 above?
 Paragraph Styles II. Chapter 11 Payroll data for The Candy Co.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Accounting Questions!