The Faber Company
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:The Faber Company had two employees for the week ended June 24. On the
basis of the following information, prepare a general journal entry to record
the employee benefits expense for that payroll.
Employee
Brett Pox
Casey Flicks
Salary
800
1,100
Date
June 24
IT
162
195
Accounts
Deductions
CPP
36
51
Prepare the journal entry below. (Record debits first, then credits.
Explanations are not required. Round your answers to the nearest cent.)
ΕΙ
14
20
PR
Net Pay
588
834
Debit
Credit
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