Larkspur Enterprises' payroll for the month ended March 31, 2024, is shown below. Salaries for the month of March 2024 Income Taxes withheld from employees El withheld from employees CPP withheld from employees Union dues withheld from employees Worker's compensation Vacation pay Date March 31 $200,000 45,000 Account Titles 1.58% 5.45 % 11,500 Record the payroll on March 31, 2024. Ignore the annual exemption for CPP deductions payable. Assume the payroll was paid the same day. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) 2% 4 % Debit Credit
Larkspur Enterprises' payroll for the month ended March 31, 2024, is shown below. Salaries for the month of March 2024 Income Taxes withheld from employees El withheld from employees CPP withheld from employees Union dues withheld from employees Worker's compensation Vacation pay Date March 31 $200,000 45,000 Account Titles 1.58% 5.45 % 11,500 Record the payroll on March 31, 2024. Ignore the annual exemption for CPP deductions payable. Assume the payroll was paid the same day. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) 2% 4 % Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Larkspur Enterprises' payroll for the month ended March 31, 2024, is shown below.
Salaries for the month of March 2024
Income Taxes withheld from employees
El withheld from employees
CPP withheld from employees
Union dues withheld from employees
Worker's compensation
Vacation pay
Date Account Titles
$200,000
March 31
45,000
1.58 %
5.45 %
11,500
2%
Record the payroll on March 31, 2024. Ignore the annual exemption for CPP deductions payable. Assume the payroll was paid the
same day. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do
not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before
credit entries.)
4 %
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc6d23100-90a1-4a93-916a-7461a2ad92d2%2Fc37475a1-08ee-4e8b-bac7-3d5d832c54cf%2Fj7bl8rb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Larkspur Enterprises' payroll for the month ended March 31, 2024, is shown below.
Salaries for the month of March 2024
Income Taxes withheld from employees
El withheld from employees
CPP withheld from employees
Union dues withheld from employees
Worker's compensation
Vacation pay
Date Account Titles
$200,000
March 31
45,000
1.58 %
5.45 %
11,500
2%
Record the payroll on March 31, 2024. Ignore the annual exemption for CPP deductions payable. Assume the payroll was paid the
same day. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do
not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before
credit entries.)
4 %
Debit
Credit
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