The payroll register for Mollys Greenhouse is as follows: MOLLY'S GREENHOUSE Payroll Register Month Ending June 30,
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Question:
The payroll register for Molly’s Greenhouse is as follows:
MOLLY'S GREENHOUSE Payroll Register Month Ending June 30, 2017 | ||||||||||||||||
Employee | Gross Pay | Claim Code | CPP | EI | Income Tax | Total Deductions | Net Pay | Cheque # | ||||||||
Karine | 4,640.00 | 5 | 212.93 | 87.20 | 541.16 | 841.29 | 3,798.71 | 40 | ||||||||
Kelsey | 2,550.00 | 4 | 109.57 | 47.98 | 130.22 | 287.77 | 2,262.23 | 41 | ||||||||
Dani | 3,940.00 | 1 | 178.48 | 74.15 | 518.47 | 771.10 | 3,168.90 | 42 | ||||||||
Brooke | 3,130.00 | 4 | 138.28 | 58.88 | 253.47 | 450.63 | 2,679.37 | 43 | ||||||||
Total | 14,260.00 | 639.26 | 268.21 | 1,443.32 | 2,350.79 | 11,909.21 |
Assume Molly issued the cheques on June 30.
1. Prepare the summary journal entry to record the payment of the June 30 payroll to employees.
2.Prepare a summary journal entry on June 30 to accrue the employer payroll costs.
3.Post the journal entries from parts (a) and (b) to the T-accounts
4.Prepare the journal entry to record Molly’s Greenhouse’s remittance to the Received General on July 15, 2017
5.Post the journal entry from part (d) to the T-accounts and prove ending balances in the payables accounts equal zero
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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