Sure Value Hardware has four employees who are paid on an hourly basis, plus time...
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Accounting
Sure 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 Hourly Rate CPP EI Income Tax Total Hours 38.1 41.6 44,5 I. Dahl F. Gualtieri G. Ho A. Israeli $13.60 $21.50 9.85 16.35 12.05 $37.22 17.34 34.50 23.03 6.93 12.69 $80.50 92.95 91.00 United Way $6.85 8.80 6.20 13.25 42.8 8.84 88.60 Prepare a payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 52.76.) Gross Earnings Employee Hours Regular Overtime $ I. Dahl $ F. Gualtieri G. Ho A. Israeli Totals $ $ SURE VALUE HARDWARE Payroll Register Gross Pay CPP EI Income Tax $ S TA $ $ $ $ $ Deductions Income Tax United Way Total Net Pay $ $ $ $ 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 for the amounts. Round answers to 2 decimal places, eg, 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 O for the amounts. Round answers to 2 decimal places, eg. 52.76.) Date Account Titles and Explanation Debit Credit Mar. 14 (To record payment of salaries payable.) uestion Part Score Record the payment 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 O for the amounts. Round answers to 2 decimal places, eg. 52.76.) Date Account Titles and Explanation Debit Credit Apr. 15 (To record remittance of benefits deducted.)
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