Question 5: (21 marks) On March 31,2025, Belmont Company had the following payroll...
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Accounting
Question : marks On March Belmont Company had the following payroll liability account balances in its general ledger: In April, the following transactions occurred: Apr Sent a cheque to the union treasurer for the union dues. Apr Sent a cheque to the insurance company for the disability and life insurance. Apr Issued a cheque to the Receiver General for the amounts due for CPP El and Employee income tax. Apr Paid the amount due to the workers' compensation plan. Apr Completed the monthly payroll register, which shows gross salaries $ CPP withheld $ El withheld $ income tax withheld $ union dues withheld $ and longterm disability premiums withheld $ Apr Recorded the employer portion of CPP and EI Apr Recorded other employee benefits, including workers' compensation at of gross pay, vacation pay at of gross pay, and life insurance at of gross pay Required: Prepare journal entries to record the April transactions.
Question : marks
On March Belmont Company had the following payroll liability account balances in its
general ledger:
In April, the following transactions occurred:
Apr Sent a cheque to the union treasurer for the union dues.
Apr Sent a cheque to the insurance company for the disability and life insurance.
Apr Issued a cheque to the Receiver General for the amounts due for CPP El and Employee
income tax.
Apr Paid the amount due to the workers' compensation plan.
Apr Completed the monthly payroll register, which shows gross salaries $ CPP withheld
$ El withheld $ income tax withheld $ union dues withheld $ and
longterm disability premiums withheld $
Apr Recorded the employer portion of CPP and EI
Apr Recorded other employee benefits, including workers' compensation at of gross pay,
vacation pay at of gross pay, and life insurance at of gross pay
Required:
Prepare journal entries to record the April transactions.
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