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Exercise Al-7 Payroll journal entry LO2 Paradise Hills Berry Farm has 21 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2021. Gross Pay EI Premium Income Taxes 67,950.00 1,127.97 9,371.00 CPP 3,223.59 Medical Ins. United Way 1,200.00 1,369.00 Required: Using the information provided, prepare the journal entry to record the payroll expenses. (Round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the entry for payroll. Note: Enter debits before credits.. Date March 23 General Journal Debit Credit Record entry Clear entry View general journal

Exercise Al-7 Payroll journal entry LO2 Paradise Hills Berry Farm has 21 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2021. Gross Pay EI Premium Income Taxes 67,950.00 1,127.97 9,371.00 CPP 3,223.59 Medical Ins. United Way 1,200.00 1,369.00 Required: Using the information provided, prepare the journal entry to record the payroll expenses. (Round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the entry for payroll. Note: Enter debits before credits.. Date March 23 General Journal Debit Credit Record entry Clear entry View general journal

FINANCIAL ACCOUNTING
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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Exercise Al-7 Payroll journal entry LO2 Paradise Hills Berry Farm has 21 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2021. Gross Pay EI Premium Income Taxes 67,950.00 1,127.97 9,371.00 CPP 3,223.59 Medical Ins. United Way 1,200.00 1,369.00 Required: Using the information provided, prepare the journal entry to record the payroll expenses. (Round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the entry for payroll. Note: Enter debits before credits.. Date March 23 General Journal Debit Credit Record entry Clear entry View general journal
Transcribed Image Text:Exercise Al-7 Payroll journal entry LO2 Paradise Hills Berry Farm has 21 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2021. Gross Pay EI Premium Income Taxes 67,950.00 1,127.97 9,371.00 CPP 3,223.59 Medical Ins. United Way 1,200.00 1,369.00 Required: Using the information provided, prepare the journal entry to record the payroll expenses. (Round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the entry for payroll. Note: Enter debits before credits.. Date March 23 General Journal Debit Credit Record entry Clear entry View general journal
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