Answer Happy

A company showed the following information in its payroll register for the week ended Sep 10, 2016: EI Income Medical CPP Union Premium Tax Insurance Dues 20.76 279.05 47.50 56.07 90 347.85 52.50 65.97 105 460.70 25 18.17 224.50 35 92.56 1312.10 160 24.22 29.41 Net Pay Sales Office Shop Salaries Salaries Salaries 1200 Total Deductions 493.38 706.62 595.54 804.46 80.82 127.50 723.43 976.57 48.64 78.75 405.06 644.94 251.50 401.25 2217.41 3132.59 1200 1. Prepare a General Journal entry to record the payroll register information. 1050 1050 1400 1700 3100 2. Prepare a General Journal entry to record the employer's payroll expenses resulting from the payroll. 3. Prepare General Journal entries to accrue employee fringe benefit costs for the week. Assume that the company matches the employees' payments for medical insurance and contributes an amount equal to 8% of each employee's gross pay to a retirement/pension program. Also, each employee accrued vacation pay at the rate of 6% of the salaries earned. The company estimates that all employees eventually will be paid their vacation pay later as they take time off for vacation.
Date Account Name September 10 Sales Salaries Expense Office Salaries Expense Shop Salaries Expense CPP Payable El Payable Employee's Income Tax Payable Employee's Union Dues Payable Medical Insurance Payable Salaries Payable EMPLOYEE'S PAYROLL DEDUCTION & NET PAY September 10 CPP Expense El Expense CPP Payable El Payable EMPLOYER'S PAYROLL EXPENSE September 10 Medical Insurance Expense Pension Expense Vacation Expense Medical Insurance Payable Pension Payable Vacation Pay Payable EMPLOYER'S BENEFIT EXPENSE Dr Cr