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Record the General Journal entry on September

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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

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