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Sheridan Consulting Incis gross salaries for the biweekly period ended August 24 were $18,000. Deductions included $743
Posted: Tue Apr 26, 2022 10:02 am
by answerhappygod
- Sheridan Consulting Incis Gross Salaries For The Biweekly Period Ended August 24 Were 18 000 Deductions Included 743 1 (22.53 KiB) Viewed 32 times
Sheridan Consulting Incis gross salaries for the biweekly period ended August 24 were $18,000. Deductions included $743 for CPP. $338 for El, and 56,314 for income tax. The employer's payroll costs were 5743 for CPP and $473 for El. Prepare journal entries to record (a) the payment of salaries on August 24; (b) the employer payroll costs on August 24, assuming they will not be remitted to the government until September and (c) the payment to the government on September 15 of all amounts owed. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) No. Date Account Titles and Explanation Debit Credit fa)