Zerbe Consulting Inc.s gross salaries for the biweekly period ended August 24 were $15,000. Deductions...
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Accounting
Zerbe Consulting Inc.s gross salaries for the biweekly period ended August 24 were $15,000. Deductions included $743 for CPP; $282 for EI; and $6,258 for Income Tax. The employers payroll costs were $743 for CPP and $395 for EI.
Instructions
Instructions
(a) Prepare the journal entries to
a. recordthepaymentofsalariesonAugust24
b. record the employer payroll costs on August 24 , assuming they will not
be remitted to the government until September.
c. to record the payment to the government on September 3 of all the
amounts owed.
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