Question

Busi 2222 Handout Assignment ch 10 Due: January 22, 2019 Chapter 10 Handout Assignment Question 1 Hadis Technologies' payroll for the monthly pay period ended September 25 amounted to $ 224,000. The following deductions were withheld from the employees' salaries and wages: Federal and provincial income taxes. $ 62,900 CPP 11,088 EL. 3,718 Union dues 2,500 Charitable donations 1,000 Instructions Prepare the journal entry to record the monthly payroll ended September 25 and also the employer's benefits expense on the payroll.

Answer 1

Date	Account and Explanation	Debit	Credit
Sep 25	Salaries and Wages Expense	224,000
	Federal and Provincial Income Tax Payable		62,900
	CPP Contributions Payable		11,088
	EI Premiums Payable		3,718
	Union Dues Payable		2,500
	Charitable Donations Payable		1,000
	Salaries and Wages Payable		142,794
Sep 25	Payroll Tax Expense	16,293
	CPP Contributions Payable		11,088
	EI Premiums Payable (3,718 x 1.4)		5,205