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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 77,950.00
EI Premium 1,465.00
Income Taxes 10,751.00
CPP 3,725.26
Medical Ins. 1,450.00
United Way 1,619.00
Required:
Problem 1: How do you 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.)
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