Question

on January 13, at the end of the second weekly pay period of the vear a company's payroll register showed that its 29 employees had earned $22,070 of sales salaries and $7,230 of office salaries Assume withholdings from the employees' salaries were to include $486.38 of El, $1,353.73 of CPP, $6,030 of income taxes. $1.030 of hospital Insurance, and $520 of unlon dues Required: 1. Prepare the General Journal entry to record the January 13 payroll (Do not round Intermediate calculations. Round your answers to 2 decimal places.) 2. Prepare a General Journal entry to record the employer's payroll expenses resulting from the January 13 payroll. (Do not round Intermediate calculations. Round your answers to 2 decimal places.)

Answer 1

M N Debit Credit $ 7,230.00 Account title and Explanation Sales Salary Expense Office Salary Expense El Payable CPP Payable Federal income tax Payable Hospital Insurance Payable Union dues Payable Salaries & Wages Payable (To record employee expense) $ 486.38 $ 1.353.73 $ 6,030.00 $ 1,030.00 $ 520.00 $ 19,879.89 $ $ 1,353.73 486.38 14 15 CPP Expense El Expense CPP Payable El Payable (To record employer tax expenses) 16 $ 1,353.73 $ 486.38 17 18 19