Question: what is the correct amount of CPP PAYABLE ? Exercise Al-9 Payment of payroll deductions LO3 Paradise Hills Berry Farm has 27 employees who are
Exercise Al-9 Payment of payroll deductions LO3 Paradise Hills Berry Farm has 27 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2018 Gross Pay 73,950.ee E Premium 1,227.57 Income Taxes 10,199.00 CPP 3,480.61 Medical Ins 1,350.00 United Way 1,519.00 Required: Prepare a journal entry to record payment by the employer to the Receiver General for Canada on April 15. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) No Credit Date April 15 1 General Journal CPP payable El payable Employees' income taxes payable OOOO Debit 3.480 61 2.946.17 10.199.00 S 16,625 78 % Cash
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
