The payroll records of Russon Restaurant provided the following information for the weekly pay period...

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Accounting

The payroll records of Russon Restaurant provided the following information for the weekly pay period ended July 27, 2020. All employees are paid 1.5 times their hourly wage for hours worked in excess of 40 hours per week. The company contributes 100% for its share of CPP, and 140% of EI.

Employee Hours Worked Hourly Rate Controlled Tips Income Tax CPP EI
Karen Cooper 47 $16.00 $320 $226 $55.69 $17.82
Caron Prosser 38 $18.00 $220 $181 $43.93 $14.28
Jonas Brittany 46 $14.00 $290 $195 $47.71 $15.42
Stephen James 45 $18.00 $210 $213 $52.38 $16.83

Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places.

a) Calculate gross and net pay for each employee.

Payroll Register
Deductions Employer's Cost
Employee Gross Income Tax CPP EI Net Pay CPP EI
Karen Cooper

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$Answer

Caron Prosser

$Answer

$Answer

$Answer

$Answer

$Answer

$Answer

$Answer

Jonas Brittany

$Answer

$Answer

$Answer

$Answer

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$Answer

$Answer

Stephen James

$Answer

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$Answer

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Total

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b) Prepare the payroll journal entries for July 27, 2020. The employees will be paid at a later date.

For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order.

Date Account Title and Explanation Debit Credit
2020
Jul 27

Answer

Answer

Answer

Answer

Answer

Record payroll
Jul 27

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Answer

Record additional employer expenses

c) Prepare a journal entry to record the cash payment of the payroll liabilities due to the CRA on August 15, 2020.

Date Account Title and Explanation Debit Credit
2020
Aug 15

Answer

Answer

Answer

Answer

Pay payroll liabilities due to CRA

Answer & Explanation Solved by verified expert
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