FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Paradise Hills Berry Farm has 27 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2021, Gross Pay 84,950.00 View transaction list EI Premium 1,410.17 < Journal entry worksheet Income Taxes 11,717.00 Required: Prepare a journal entry to record the employer's share of payroll deductions. (Round the final answers to 2 decimal places.) 1 Date Record the employer's share of payroll deductions. Note: Enter debits before credits. CPP 4,025.11 General Journal Search Medical Ins. 1,625,00 Debit < Prev United Way 1,794.00 PRE Credit 4 of 5 Next > IA
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Transcribed Image Text:Paradise Hills Berry Farm has 27 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2021, Gross Pay 84,950.00 View transaction list EI Premium 1,410.17 < Journal entry worksheet Income Taxes 11,717.00 Required: Prepare a journal entry to record the employer's share of payroll deductions. (Round the final answers to 2 decimal places.) 1 Date Record the employer's share of payroll deductions. Note: Enter debits before credits. CPP 4,025.11 General Journal Search Medical Ins. 1,625,00 Debit < Prev United Way 1,794.00 PRE Credit 4 of 5 Next > IA
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