ure Value Hardware has four employees who are paid on an hourly basis, plus time...
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Accounting
ure Value Hardware has four employees who are paid on an hourly basis, plus time and a half for hours worked in excess of 40 hours a week. Payroll data for the week ended March 14, 2021, follow:
Employee
Total Hours
Hourly Rate
CPP
EI
Income Tax
United Way
I. Dahl
38.0
$18.00
$30.53
$11.35
$80.50
$7.60
F. Gualtieri
42.8
16.00
31.67
11.74
92.95
7.75
G. Ho
43.3
15.75
31.71
11.75
91.00
4.90
A. Israeli
44.5
14.80
30.92
11.49
88.60
9.50
Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.)
SURE VALUE HARDWARE Payroll Register
Gross Earnings
Deductions
Employee
Hours
Regular
Overtime
Gross Pay
CPP
EI
Income Tax
United Way
Total
Net Pay
I. Dahl
$
$
$
$
$
$
$
$
$
F. Gualtieri
G. Ho
A. Israeli
Totals
$
$
$
$
$
$
$
$
$
Record the payroll on March 14 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)
Date
Account Titles and Explanation
Debit
Credit
Mar. 14
(To record salaries expense.)
Mar. 14
(To record employer benefits expense.)
Record the payment of the payroll on March 14. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)
Date
Account Titles and Explanation
Debit
Credit
Mar. 14
(To record payment of salaries payable.)
Record the payment of remittances to the Receiver General on April 15. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.76.)
Date
Account Titles and Explanation
Debit
Credit
Apr. 15
(To record remittance of benefits deducted.)
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