Record the payroll entries in the General journal based on the following payroll register:
A company has three employees, each of whome has been employed since January 1, earns $3,000 per month, and is paid on the last day of each month. On
March 1, the following accounts and balances appeared in its ledger.
a.
Employees' Income Taxes Payable, $1,298.25 (liability for February)
b.
El Payable, $358.56 (liability for February)
c.
CPP Payable, $804.36 (liability for February)
d.
Employees' Medical Insurance Payable, $1,380.00 (liability for January and February)
During March and April, the company completed the following related to payroll:
Mar. 17
Issued cheque #635 payable to the Receiver General for Canada. The cheque was in payment of the February employee income taxes, El, and CPP
amounts due.
Mar. 31
Prepared a general journal entry to record the March payroll register, which had the following column totals:
El
Income Taxes
CPP
Medical
Total
Insurance Deductions
Net Pay
149.40 1,298.25
402.18
345.00 2,194.83
6,805.17
Office
Salaries
3,000.00
Shop Salaries
6,000.00
Mar. 31
Recorded the employer's $345.00 liability for its 50% contribution to the medical insurance plan of employees and 6% vacation pay accrued to
the employees
Mar. 31
Prepared a general journal entry to record the employer's payroll costs resulting from the March payroll
Apr. 14
Issued cheque #764 payable to the Receiver General for Canada in payment of the March mandatory deductions
Apr. 14
Issued cheque #765 payable to National Insurance Company in payment of the employee medical insurance premiums for the first quarter
