Bonita Consulting Inc's gross salaries for the biweekly period ended August 24 were $15,000. Deductions included $743 for CPP, $282 for El, and $6,308 for income tax. The employer's payroll costs were $743 for CPP and $395 for El. Prepare journal entries to record (a) the payment of salaries on August 24; (b) the employer payroll costs on August 24, assuming they will not be remitted to the government until September; and (c) the payment to the government on September 15 of all amounts owed. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit (a)
Bonita Consulting Inc's gross salaries for the biweekly period ended August 24 were $15,000. Deductions included $743 for CPP, $282 for El, and $6,308 for income tax. The employer's payroll costs were $743 for CPP and $395 for El. Prepare journal entries to record (a) the payment of salaries on August 24; (b) the employer payroll costs on August 24, assuming they will not be remitted to the government until September; and (c) the payment to the government on September 15 of all amounts owed. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit (a)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 7RE: Wallace Corporation summarizes the following information from its weekly payroll records during...
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![Bonita Consulting Inc's gross salaries for the biweekly period ended August 24 were $15,000. Deductions included $743 for CPP,
$282 for El, and $6,308 for income tax. The employer's payroll costs were $743 for CPP and $395 for El. Prepare journal entries to
record (a) the payment of salaries on August 24; (b) the employer payroll costs on August 24, assuming they will not be remitted to the
government until September; and (c) the payment to the government on September 15 of all amounts owed. (Credit account titles are
automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
No.
Date
Account Titles and Explanation
Debit
Credit
(a)
(Ь)
(c)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa8f6254a-ced1-4ac6-895a-6a943ef81026%2F8b32a2f7-e0d2-410e-be16-5cad1553a838%2Fm7kr25_processed.png&w=3840&q=75)
Transcribed Image Text:Bonita Consulting Inc's gross salaries for the biweekly period ended August 24 were $15,000. Deductions included $743 for CPP,
$282 for El, and $6,308 for income tax. The employer's payroll costs were $743 for CPP and $395 for El. Prepare journal entries to
record (a) the payment of salaries on August 24; (b) the employer payroll costs on August 24, assuming they will not be remitted to the
government until September; and (c) the payment to the government on September 15 of all amounts owed. (Credit account titles are
automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
No.
Date
Account Titles and Explanation
Debit
Credit
(a)
(Ь)
(c)
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