FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On January 13, at the end of the second weekly pay period of the year, a company's payroll register showed that its 32 employees had earned $23,570 of sales salaries and $7,830 of office salaries. Assume withholdings from the employees' salaries were to include $521.24 of El, $1,447.68 of CPP, $6,462 of income taxes, $1,090 of hospital insurance, and $580 of union dues. Required: 1. Prepare the General Journal entry to record the January 13 payroll. (Do not round intermediate calculations. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record payroll deductions for the pay period ending Jan 13. Note: Enter debits before credits. Date Jan 13 General Journal Debit Credit
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Transcribed Image Text:On January 13, at the end of the second weekly pay period of the year, a company's payroll register showed that its 32 employees had earned $23,570 of sales salaries and $7,830 of office salaries. Assume withholdings from the employees' salaries were to include $521.24 of El, $1,447.68 of CPP, $6,462 of income taxes, $1,090 of hospital insurance, and $580 of union dues. Required: 1. Prepare the General Journal entry to record the January 13 payroll. (Do not round intermediate calculations. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record payroll deductions for the pay period ending Jan 13. Note: Enter debits before credits. Date Jan 13 General Journal Debit Credit
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