Compute the employer's payroll benefit expense based on the following totals found on a completed payroll register dated November 15. Gross pay = $41,700.00 • Deductions: Income Tax = $6,650.00; El = $1,251.00; CPP = $2,046.00 Journalize the information from a completed payroll register dated November 15. ●

Compute the employer's payroll benefit expense based on the following totals found on a completed payroll register dated November 15. Gross pay = $41,700.00 • Deductions: Income Tax = $6,650.00; El = $1,251.00; CPP = $2,046.00 Journalize the information from a completed payroll register dated November 15. ●

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 6E: On September 30, Cody Companys selected account balances are as follows: In general journal form,...

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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 39 employees had earned $27.070 of sales salaries and $9,230 of office salaries. Assume withholdings from the employees' salaries were to include $602.58 of EL $1,666.91 of CPP, S7470 of income taxes, $1,230 of hospital insurance, and $720 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. Notel Enter debts before oredits. Date General Journal Debit Credit Jan 13 View general journal Clear entry Record entry Nevt On January 13, at the end of the second weekly pay period of the year, a company's payroll register showed that its 39 earned $27,070 of sales salaries and $9,230 of office salaries. Assume withholdings from the employees' salaries…