The payroll register for Rice Company is summarized below for the month of April: Employee Total SalaryTaxCPPEI
Question:
The payroll register for Rice Company is summarized below for the month of April:
Employee Total SalaryTaxCPPEI Medical Union DuesNet Pay Chq.No
Bob Roberts 3,2504541466128 212,540 514
Robin Case 2,8004331245356 212,113 515
Bailey Tropp 2,4503361074656 211,884 516
Ishma Blumen 2,8003921245356 212,154 517
11,300 1,615501213196 848,691
Rice Company matches its employee’s contribution to medical plan.
Required:
a. Record the employer’s payroll expense with proper description.
b. Record the employer’s payroll deduction liabilities with proper description.
c. Remit source deductions and other deductions with proper description to:
1. Employees' Union, Cheque No. 545 dated May 10.
2. CRA, Cheque No. 550 dated May 15.
3. Provincial Health Care Insurance Co, Cheque No. 565 dated May 20.
The payroll register for Rice Company is summarized below for the month of April
Employee Total SalaryTaxCPPEI Medical Union DuesNet Pay Chq.No
Bob Roberts 3,2504541466128 212,540 514
Robin Case 2,8004331245356 212,113 515
Bailey Tropp 2,4503361074656 211,884 516
Ishma Blumen 2,8003921245356 212,154 517
11,300 1,615501213196 848,691
Rice Company matches its employee’s contribution to medical plan.
Required:
a. Record the employer’s payroll expense with proper description.
b. Record the employer’s payroll deduction liabilities with proper description.
c. Remit source deductions and other deductions with proper description to:
1. Employees‘s Union, Cheque No. 545 dated May 10.
2. CRA, Cheque No. 550 dated May 15.
3. Provincial Health Care Insurance Co, Cheque No. 565 dated May 20.
Expert Answer:
ANSWER A Cheque No General Journal Debit Credit 514 Salary Expense Income Tax Payable CPP Payable EI ... View the full answer
