Given the following information from the payroll register, calculate the net pay and prepare a journal entry for the month of February for Northern Publishers. Salaries and wages $316,458.52 $10,538.43 Bonus Canada Pension Plan contributions $15,087.14 Employment Insurance premiums $6,147.54 Income tax $65,399.39 Registered Retirement Savings Plan contributions $9,493.76 Union dues $1,880.00 Charitable donations $935.00 Select each account to be recorded in the journal entry from the drop-down list provided in the order they are listed in the register. Journal Entry/Écriture de journal #12345 DATE DEBIT CREDIT ACCOUNT NAME/NOM DE COMPTE Salaries and wages expense Feb/fev 28 ▾ Bonus expense ▾ Canada Pension Plan payable ▾ Employment Insurance payable Income tax payable Union dues payable Registered Retirement Savings Plan payable Charitable donations payable Salaries and wages payable Total ▾ ▾ ▾ ▾ 316458.52 10538.43 326996.95 15087,14 6147.54 65399.39 1880 9493.76 935
Given the following information from the payroll register, calculate the net pay and prepare a journal entry for the month of February for Northern Publishers. Salaries and wages $316,458.52 $10,538.43 Bonus Canada Pension Plan contributions $15,087.14 Employment Insurance premiums $6,147.54 Income tax $65,399.39 Registered Retirement Savings Plan contributions $9,493.76 Union dues $1,880.00 Charitable donations $935.00 Select each account to be recorded in the journal entry from the drop-down list provided in the order they are listed in the register. Journal Entry/Écriture de journal #12345 DATE DEBIT CREDIT ACCOUNT NAME/NOM DE COMPTE Salaries and wages expense Feb/fev 28 ▾ Bonus expense ▾ Canada Pension Plan payable ▾ Employment Insurance payable Income tax payable Union dues payable Registered Retirement Savings Plan payable Charitable donations payable Salaries and wages payable Total ▾ ▾ ▾ ▾ 316458.52 10538.43 326996.95 15087,14 6147.54 65399.39 1880 9493.76 935
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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