Question: Please Answer Right Now! This is all ONE question! Sure Value Hardware has four employees who are paid on an hourly basis, plus time and

Please Answer Right Now!

This is all ONE question!

Sure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40 hours a week. Payroll data for the week ended March 14, 2021, follow:

Employee Total Hours Hourly Rate CPP EI Income Tax United Way
I. Dahl 39.4 $24.50 $44.45 $16.02 $80.50 $7.75
F. Gualtieri 42.5 10.75 19.95 7.81 92.95 7.00
G. Ho 41.5 17.25 32.74 12.10 91.00 5.00
A. Israeli 41.6 13.55 25.11 9.54 88.60 8.75

Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.)

SURE VALUE HARDWARE Payroll Register Year Ended March 14, 2021Week Ended March 14, 2021March 14, 2021
Gross Earnings Deductions
Employee Hours Regular Overtime Gross Pay CPP EI Income Tax United Way Total Net Pay
I. Dahl $ $ $ $ $ $ $ $ $
F. Gualtieri
G. Ho
A. Israeli
Totals $ $ $ $ $ $ $ $ $

Question Part Score

--/4

Record the payroll on March 14 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay. (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 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)

Date

Account Titles and Explanation

Debit

Credit

Mar. 14

(To record salaries expense.)

Mar. 14

(To record employer benefits expense.)

Question Part Score

--/5

Record the payment of the payroll on March 14. (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 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)

Date

Account Titles and Explanation

Debit

Credit

Mar. 14

(To record payment of salaries payable.)

Question Part Score

--/1

Record the payment of remittances to the Receiver General on April 15. (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 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)

Date

Account Titles and Explanation

Debit

Credit

Apr. 15

(To record remittance of benefits deducted.)

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!