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
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
Caron Prosser
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
Jonas Brittany
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
Stephen James
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
Total
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
$Answer
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
Answer
Answer
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
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