Please do not give image formaT 2. Prepare a General Journal entry to record the payroll. Assume all employees work in the office. (Round the final answers to 2decimal places.)View transaction listJournal entry worksheetRecord the entry for payroll.Note: Enter debits before credits.DateMarch 09General JournalDebitCredit The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payrollrecords:Employees NamesHellen CraigJoseph LinDino PatelliSharleen McFeeEmployeeHellen CraigJoseph LimDino PatelliSharloon McFeeTotalsGrossPayWeeklyGross$ 1,060.00950.001,170.002,040 00$ 5,220.00Pay$1,0609501,1702,040$5,220Earningsto End ofPrevious IncomeWeek Taxes$12,510 $168.9514,400142.9020,260195.5033,580 469.50Required:1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermediatecalculations. Round the final answers to 2 decimal places.)EIPremium$976.85 $122.00IncomeTaxes$HealthInsurance.Deductions$26.00Deductions$ 168.95142.9028.0040.0028.00195.50469.50976.85CPPHealthInsurance$26.0028:0040.0028.00$122.00TotalDeductionsNet Pay

The net pay is the pay which has been computed from the gross pay when the deductions is deducted…

The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll records: Employees Names Hellen Craig Joseph Lin Dino Patell Sharleen McFee Employee Hellen Craig Joseph Lim Dino Patelli Sharloon McFee Totals Weekly Gross Pay $1,060 Gross Pay $ 1,060.00 950 00 1,170.00 2,040 00 $ 5,220.00 950 1,170 2,040 $5,220 Earnings to End of Required: 1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Previous Income Week Taxes $12,510 $168.95 142.90 28.00 195.50 40.00 469.50 28.00 $976.85 $122.00 14,400 20,260 33,580 EI Premium Income Taxes $ Health Insurance) Deductions $26.00 Deductions 168.95 142.90 195.50 469 50 $ 976.85 CPP Health Insurance $26.00 28.00 40.00 28.00 $122.00 Total Deductions Net Pay

The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payroll records: Employees Names Hellen Craig Joseph Lin Dino Patell Sharleen McFee Employee Hellen Craig Joseph Lim Dino Patelli Sharloon McFee Totals Weekly Gross Pay $1,060 Gross Pay $ 1,060.00 950 00 1,170.00 2,040 00 $ 5,220.00 950 1,170 2,040 $5,220 Earnings to End of Required: 1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Previous Income Week Taxes $12,510 $168.95 142.90 28.00 195.50 40.00 469.50 28.00 $976.85 $122.00 14,400 20,260 33,580 EI Premium Income Taxes $ Health Insurance) Deductions $26.00 Deductions 168.95 142.90 195.50 469 50 $ 976.85 CPP Health Insurance $26.00 28.00 40.00 28.00 $122.00 Total Deductions Net Pay

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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