$\backslash$table$[[\backslash$table$[[$Check$],[$No$.]],$Employee,$\backslash$table$[[$Ee$.],[$No$.]],\backslash$table$[[$Gross$],[$Pay$]],$FIT,PIT,CPP$,$EI$,\backslash$table$[[$Health$],[$Care$]]],[$P$825,$Phil Arnett,A$001,493\mathrm{.}24,25\mathrm{.}70,10\mathrm{.}15,21\mathrm{.}08,10\mathrm{.}36,12\mathrm{.}00],[$P$826,$Ken Rino,A$002,553\mathrm{.}00,59\mathrm{.}05,22\mathrm{.}20,24\mathrm{.}04,11\mathrm{.}61,12\mathrm{.}00],[$P$827,$Jean Trickett,A$003,488\mathrm{.}00,46\mathrm{.}90,17\mathrm{.}50,20\mathrm{.}82,10\mathrm{.}25,12\mathrm{.}00]]$

Post the journal entries from steps $1$ through $6$ to the subsidiary ledgers.

Then, pay the employees on March $10,2003$ from the Cash Disbursements Journal.

Using March $31,2003$ as the journal entry date, enter the following items in the General Journal.

$\backslash$table$[[\backslash$table$[[$Bank charges and$],[$interest$]],\backslash$table$[[$$$275\mathrm{.}00$ bank interest was automatically deducted from$],[$XY Consumer Products' bank account this month.$]]],[\backslash$table$[[$Employer$\text{'}$s Payroll$],[$Deductions$]],\backslash$table$[[$Record XY Consumer Products' share of CPP and EI$],[$deductions based on the payroll in Step $7.($Calculate for$],[$only the one week of salary.$)],[$Calculation Note: EI deductions are multiplied by $1\mathrm{.}4]]],[\backslash$table$[[$Payment on Bank$],[$Loan$]],\backslash$table$[[$$$2,500\mathrm{.}00$ from outstanding bank loans was$],[$automatically deducted from XY Consumer Products'$],[$bank account this month.$]]]]$

Add and balance all the journals.

Post the journals to the General Ledger $($using March $31$ as the entry date$).$

Note: Only selected accounts from the ledgers are provided for you.

$12.$ Complete the Trial Balance as at March $31,2003$ by filling in the shaded areas on

the Trial Balance in the Answer Sheets section and balance the Trial Balance.

Please check your work carefully. If your Trial Balance does not balance, you have made an error.

$\backslash$table$[[\backslash$table$[[$XY Consumer Products$],[$TRIAL BALANCE, MARCH $31,2003],[$GENERAL LEDGER$]]],[$Account Name,$\backslash$table$[[$G$/$L Account$],[$Number$]],$Debit,Credit$],[$Balance forward$],[$Repairs & Maintenance,$6040,-,],[$Utilities$,6045,-,],[$Travel & Entertainment,$6050,-,],[$Office Supplies,$6060,,],[$Leases$-$Equipment,$6065,-,],[$Bank Charges & Interest,$6070,,],[$Professional Fees,$6080,-,],[$Depreciation$,6090,-,],[$Property Taxes,$6100,-,],[$Insurance$,6110,-,],[$Fees & Dues,$6120,-,],[$TOTAL$,,,]]$