User Account

All Pages

Record the General Journal entry on September

Assignment Help Accounting Basics
Reference no: EM132631222

Question - The following information was taken from the payroll records of Locker Flooring Ltd. for the two-week pay period ending September 10:

Gross Pay $2,640.00

Deductions: Federal income tax $404.25

Provincial income tax 197.00

Canada Pension Plan 124.12

Employment Insurance 45.67

Health Plan 100.00 871.04

Net Pay $1,768.96

Required -

(a) Record the compound General Journal entry on September 10 for this payroll.

(b) Record the General Journal entry on September 10 for the employer's contributions to CPP, EI, and the health plan. The employer contributes an equal amount to the health plan.

(c) Record entries in the Cash Payments Journal for:

the issuance of the paycheques on September 10.

the remittance of the health plan contributions to Sun Life on September 30.

the remittance of income taxes, CPP, and EI to Canada Revenue Agency on October 14.

Reference no: EM132631222

Questions Cloud

State the meaning of diplomatic : State the meaning of diplomatic and give at least four examples to demonstrate how an auditor could be diplomatic
How much is charle current ratio : Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. How much is Charle's current ratio
Post substantive comments on the threads : Select AT LEAST 3 other students' threads and post substantive comments on those threads. Your comments should extend the conversation started with the thread.
What is the most effective learning theory : a. How does increased Emotional dissonance affect one's personality?
Record the General Journal entry on September : Record the General Journal entry on September 10 for the employer's contributions to CPP, EI, and the health plan
Which qualitative characteristic at risk of not being adhere : Indicate which qualitative characteristic is at risk of not being adhered to and also indicate the respective group in which it is classified.
What are the reasons for the existence of biases : There exist a number of "biases" in the attribution processes through which we perceive other person.
Discussing electronic innovation and the government : Find a peer-reviewed scholarly journal article discussing electronic innovation and the government. Complete a review of the article by writing a 2-3 page.
Identify six activities in an iso 14001 ems : Identify six activities in an ISO 14001 EMS that relate to one or more of the PDCA segments and state the relevant clause reference.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find what is the approximate yield to maturity on bond b

What is the approximate yield to maturity on Bond B? The exact yield to maturity? (Use the approximation formula to compute the approximate yield)

  Compute the current break-even point in unit

Compute the current break-even point in units, and compare it to the break-even point in units if Mary's ideas are used.Compute the margin of safety ratio

  Given your answers in parts b and c which method would you

adirondack corporation is estimating activity costs associated with producing two different sized e-reader tablets. the

  Record transactions assuming Coronado uses the equity method

Record the above transactions assuming Coronado uses the equity method to report its investment in Sugar Maple Candy Company

  Gruner also incurs 7 sales commission 048 on each disc

gruner co. produces golf discs which it normally sells to retailers for 6.92 each. the cost of manufacturing 20100 disc

  Determine costs assigned to ending inventory based on lifo

Refer to the information in QS 6-5 and assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned.

  Prepare income statements for using variable costing

Explain the differences in operating income between the two costing systems for each quarter.Prepare income statements for Q1, Q2, and Q3 using variable costing

  Compete the degree of operating leverage

Compete the degree of operating leverage, how many skateboards will have to be sold next year to earn the same net operating income

  Entries for issuing bonds

Journalize the entries to record the following selected transactions for the current year - Entries for issuing bonds

  Michelle amp alexus inc had the following items on their

michelle amp alexus inc. had the following items on their 123107 balance sheet cash

  What is yield to maturity of Jackson Corporation bonds

Jackson Corporation's bonds will mature in 10 years. The bonds have a face value of $1000, and an 8% coupon rate, paid semi annually. The price of the bond is $1,100. The bonds are callable in 5 years at a call price of $1,080. a) What is their yield..

  What information about its pension plan must a publicly

What information about its pension plan must a publicly traded company disclose in its interim financial statements?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd