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 worksheet<Record the entry for payroll.Note: Enter debits before credits.DateMarch 09Record entryGeneral JournalClear entryDebitCreditView general journal 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 PatelliWeeklyGrossPay$ 9608501,0701,940$4,820Sharleen McFeeTotalsEarningsto End ofPrevious IncomeWeek Taxes$12,510 $168.7013,200 142.65Required:1. Calculate the employees' El and CPP withholdings and the amounts paid to each employee. (Do not round intermediatecalculations. Round the final answers to 2 decimal places.)GrossPay$ 960.00850,0018,86032,380EIPremium36.00195.2535.00469.2536.00$975.85 $143.00HealthInsurance.Deductions$36.00Deductions.IncomeTaxos$168.70142.65195.25469.251,070,001,940.00$ 4,820.00 $ 0.00 S 975.85 $CPP0.00HealthInsurance.$36.00TotalDeductions36.0035.0036.00$143.00 $0.00 $Net Pay0.00

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 Patelli Sharleen McFee Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals Weekly Gross Pay $ 960 850 1,070 1,940 $4,820 $ 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.) Earnings to End of Previous Income Week Taxes $12,510 $168.70 Gross Pay 13,200 142.65 18,860 32,380 EI Premium 36.00 195.25 35.00 469.25 36.00 $975.85 $143.00 Health Insurance. Deductions $36.00 Deductions Income Taxes $168.70 960.00 850,00 1,070.00 1,940.00 $ 4,820.00 $ 0.00 S 975.85 $ 142.65 195.25 469.25 Health Total Insurance. Deductions $36.00 36.00 35.00 36.00 0.00 $ 143.00 $ CPP 0.00 $ Net Pay 0.00

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 Patelli Sharleen McFee Employee Hellen Craig Joseph Lim Dino Patelli Sharleen McFee Totals Weekly Gross Pay $ 960 850 1,070 1,940 $4,820 $ 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.) Earnings to End of Previous Income Week Taxes $12,510 $168.70 Gross Pay 13,200 142.65 18,860 32,380 EI Premium 36.00 195.25 35.00 469.25 36.00 $975.85 $143.00 Health Insurance. Deductions $36.00 Deductions Income Taxes $168.70 960.00 850,00 1,070.00 1,940.00 $ 4,820.00 $ 0.00 S 975.85 $ 142.65 195.25 469.25 Health Total Insurance. Deductions $36.00 36.00 35.00 36.00 0.00 $ 143.00 $ CPP 0.00 $ Net Pay 0.00

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 68E: Payroll Accounting and Discussion of Labor Costs Blitzen Marketing Research paid its weekly and...

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