Question: please solve this question. On January 6, at the end of a pay period, Southgate Inc.'s Payroll Register showed that its 18 employees had earned

 please solve this question. On January 6, at the end of

please solve this question.

On January 6, at the end of a pay period, Southgate Inc.'s Payroll Register showed that its 18 employees had earned $19,300 of sales salaries and $5,600 of office salaries. Withholdings from the employees' salaries were to include $468 of EI, $1,113 of CPP, $4,884 of income taxes, $559 of medical insurance, and $489 of union dues. Prepare journal entries to record the following: a. January 6 payroll. b. Southgate Inc.'s expenses resulting from the January 6 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

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!