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Paradise Hills Berry Farm has 20 employees who are paid biweekly
Paradise Hills Berry Farm has 20 employees who are paid biweekly. The payroll register showed the following payroll deductions for
the pay period ending March 23, 2015.
Gross Pay ElPremium Income Taxes CPP Medical Ins. United Way
77,950.00 1,465.00 10,751.00 3,725.26 1,450.00 1,619.00
[J
Required:
Prepare a journal entry to record the employer’s share of payroll deductions. (If no entry is required for a transaction/event, select
"No journal entry required" in the first account field. Round the final answers to 2 decimal places.)
Journal entry worksheet
< 1 >
Record the employer's share of payroll deductions.
Note: Enter debits before credits.
Expert Solution
| Journal Entry: | |||
| Date | General Journal | Debit | Credit |
| Mar-23 | Salaries expense | 77950 | |
| EI premiums payable | 1465 | ||
| CPP payable | 3725.26 | ||
| Employee's income taxes payable | 10751 | ||
| Medical insurance payable | 1450 | ||
| United way payable | 1619 | ||
| Salaries payable | 58939.74 | ||
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