This Mini Practice Set will aid in putting the pieces of payroll together. In this project, you are the bookkeeper and will have the responsibility of recording payroll in the payroll register, paying the payroll, recording the employer's tax responsibilities, and making payment according to the CRA's requirements.
Pete's Market, owned by Pete Reel, is located at 33 Riel Drive, Your Town, Ontario, M5W 2A4. His business number is 12345 6789 RP. The following are the employees of Pete€™s Market, along with their salaries, exemptions, etc.
Weekly Salaries

Fred Flynn receives a salary increase September 17, 2018.

On September 21, 2018, Mary reaches her CPP maximum of $2,163.15. Deduct only $34.67 CPP for Mary in that payroll, then no further CPP is deducted in September. Also note that Mary reached August, so no EI deduction is made from her her maximum deduction for EI in pay in September.

Source deductions payable at August 31, 2018 (employer portion already recorded):

Required
(The forms you need are on pages 9-29 to 9-32 of the Study Guide with Working Papers.)
Using the general journal and payroll register provided, complete the following for the month of September 2018:

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Weekly Salary Name Fred Flynn Fred Flynn Fred Flynn Fred Flynn Claim Code Date Sept. 7,2018 Sept. 14, 2018 Sept. 21, 2018 Sept. 28, 2018 $1,190 1,190 1,265 1,265 Sept. 7, 2018 Sept. 14, 2018 Sept. 21, 2018 Sept. 28, 2018 Mary Jones Mary Jones Mary Jones Mary Jones $1,265 1,265 1,265 1,265 Sept. 7, 2018 Lilly Vron Sept. 14, 2018 Lilly Vron Sept. 21, 2018 Lilly Vron Sept. 28, 2018 lly Vron $940 940 940 940 CPP Payable $1,576.80 El Payable $592.08 Income Taxes Payable $3,268.75 2018 Sept. Complete payroll register for September 7 payroll, journalize payroll entry, and journalize entry for all employer's expenses related to payroll 7 7 Transfer cash for September 7 payroll net pay from operating 14 Process payroll (follow the same procedures as for September 7 14 Transfer cash for September 14 payroll net pay from operating 14 Pay CRA for prior month's source deductions payable. account to payroll account. payroll) account to payroll account. 21 21 28 28 Process payroll for September 21. Note change in Fred Flynn's salary Transfer cash for September 21 payroll net pay from operating account to payroll account. Process payroll for September 28. Note change in Lilly Vron's claim code Transfer cash for September 28 payroll net pay from operating account to payroll account.