Question: View Policies Current Attempt in Progress Swifty Consulting Inc's gross salaries for the biweekly period ended August 24 were $18.000. Deductions included $743 for CPP,

 View Policies Current Attempt in Progress Swifty Consulting Inc's gross salaries

for the biweekly period ended August 24 were $18.000. Deductions included $743

View Policies Current Attempt in Progress Swifty Consulting Inc's gross salaries for the biweekly period ended August 24 were $18.000. Deductions included $743 for CPP, $338 for El, and $6.316 for income tax. The employer's payroll costs were $743 for CPP and $473 for EL. Prepare journal entries to record (a) the payment of salaries on August 24; (b) the employer payroll costs on August 24, assuming they will not be remitted to the government until September; and (c) the payment to the government on September 15 of all amounts owed. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit (a)

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!