Prepare the journal entries for the December

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Reference no: EM133105222

Question - Daytona Company has three employees who are paid on an hourly basis, plus time and one half for hours in excess of 44 hours per week. Payroll information for the week ending December 14, 2019 is listed below.

Employee

Hours Worked

Hourly Rate

Income Tax

CPP

EI

Union Dues

A. Knopf

45

$16.90

$76.05

$35.78

$12.46

$20.00

B. Penguin

41

$16.70

$68.47

$31.49

$11.09

$20.00

D. House

39

$17.10

$66.69

$30.58

$10.80

$20.00

Required -

a) Calculate gross pay for each employee and the amount the employer will have to pay for CPP and EI.

b) Prepare the journal entries for the December 14 payroll and the employer's portion of payroll. Employees will not be paid until next week.

For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order.

c) Record the payment of the statutory deductions to the CRA on December 31, 2019.

Reference no: EM133105222

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