PAYROLL REMITTANCE AND REPORTING ASSIGNMENT #1 A. RECORDING EMPLOYEE BENEFIT EXPENSE FROM THE FOLLOWING INFORMATION PREPARE A GENERAL JOURNAL ENTRY TO RECORD THE EMPLOYEE BENEFIT EXPENSE OF WINDSOR COMPANY FOR THE MONTHLY PAYMENT FOR APRIL EMPLOYEE TOTAL SALARY BERT LAMONT $2,600 JOAN QUAN $2,400 MARK TOTEM $1,800 JEAN DZURKO $2,000 TOTAL DEDUCTIONS TAX CPP ΕΙ NET PAY $ 395 $ 114 $ 49 $2,042 $ 361 $ 104 $ 45 $1,890 $ 214 $ 75 $ 34 $1,477 $ 256 $ 85 $ 38 $1,621 GENERAL JOURNAL Date Account Titles and Description PR Dr. Cr. APRIL B. REMITTANCE CALCULATION WHAT AMOUNT WILL THE WINDSOR COMPANY SEND TO THE CRA IN THE MONTH OF MAY( FOR THE APRIL PAYROLL) Income Tax CPP ΕΙ Total to be remitted

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PAYROLL REMITTANCE AND REPORTING
ASSIGNMENT #1
A. RECORDING EMPLOYEE BENEFIT EXPENSE
FROM THE FOLLOWING INFORMATION PREPARE A GENERAL JOURNAL
ENTRY TO RECORD THE EMPLOYEE BENEFIT EXPENSE OF WINDSOR COMPANY FOR THE MONTHLY PAYMENT
FOR APRIL
EMPLOYEE
TOTAL
SALARY
BERT LAMONT
$2,600
JOAN QUAN
$2,400
MARK TOTEM
$1,800
JEAN DZURKO
$2,000
TOTAL
DEDUCTIONS
TAX
CPP
ΕΙ
NET PAY
$ 395
$ 114
$
49
$2,042
$
361
$ 104
$ 45
$1,890
$ 214
$ 75
$ 34
$1,477
$ 256
$ 85
$ 38
$1,621
GENERAL JOURNAL
Date
Account Titles and Description
PR
Dr.
Cr.
APRIL
B. REMITTANCE CALCULATION
WHAT AMOUNT WILL THE WINDSOR COMPANY SEND TO THE CRA
IN THE MONTH OF MAY( FOR THE APRIL PAYROLL)
Income Tax
CPP
ΕΙ
Total to be remitted
Transcribed Image Text:PAYROLL REMITTANCE AND REPORTING ASSIGNMENT #1 A. RECORDING EMPLOYEE BENEFIT EXPENSE FROM THE FOLLOWING INFORMATION PREPARE A GENERAL JOURNAL ENTRY TO RECORD THE EMPLOYEE BENEFIT EXPENSE OF WINDSOR COMPANY FOR THE MONTHLY PAYMENT FOR APRIL EMPLOYEE TOTAL SALARY BERT LAMONT $2,600 JOAN QUAN $2,400 MARK TOTEM $1,800 JEAN DZURKO $2,000 TOTAL DEDUCTIONS TAX CPP ΕΙ NET PAY $ 395 $ 114 $ 49 $2,042 $ 361 $ 104 $ 45 $1,890 $ 214 $ 75 $ 34 $1,477 $ 256 $ 85 $ 38 $1,621 GENERAL JOURNAL Date Account Titles and Description PR Dr. Cr. APRIL B. REMITTANCE CALCULATION WHAT AMOUNT WILL THE WINDSOR COMPANY SEND TO THE CRA IN THE MONTH OF MAY( FOR THE APRIL PAYROLL) Income Tax CPP ΕΙ Total to be remitted
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