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Progress Sheridan Company'sgross pay for the week ended August 22 totalled73,500, from which S4,030 was deducted for CPP. S1,350 for El, and $19.710 for income tax Prepare the entry to record the employer payrol costs, assuming these will not be paid until September. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. if no entryis required, select "No Entry" for the account titles end enter O for the amounts. Round answers to O decimal places, eg. 1,575.) Date Account Titles and Explanation Debit Credit Aug. 22 (Torecord employer payroll costs) eTextbook and Media

Progress Sheridan Company'sgross pay for the week ended August 22 totalled73,500, from which S4,030 was deducted for CPP. S1,350 for El, and $19.710 for income tax Prepare the entry to record the employer payrol costs, assuming these will not be paid until September. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. if no entryis required, select "No Entry" for the account titles end enter O for the amounts. Round answers to O decimal places, eg. 1,575.) Date Account Titles and Explanation Debit Credit Aug. 22 (Torecord employer payroll costs) eTextbook and Media

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 10.12EX: Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the...
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Question 5 of 8 -12 E View Policies Current Attempt in Progress Sheridan Company'sgross pay for the week ended August 22 totaled73,500, from which $4,030 was deducted for CPP. S1,350 for El, and $19.710 for income tax. Prepare the entry to record the employer payroll costs, assuming these will not be paid until September. (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 ond enter 0 for the amounts. Round answers to 0 decimal places, e.g. 1,575.) Date Account Titles and Explanation Debit Credit Aug. 22 (Torecord employer payroll costs.) eTextbook and Media List of Accounts Save for Later Attempts: Oof3 used Submit Answer
Transcribed Image Text:Question 5 of 8 -12 E View Policies Current Attempt in Progress Sheridan Company'sgross pay for the week ended August 22 totaled73,500, from which $4,030 was deducted for CPP. S1,350 for El, and $19.710 for income tax. Prepare the entry to record the employer payroll costs, assuming these will not be paid until September. (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 ond enter 0 for the amounts. Round answers to 0 decimal places, e.g. 1,575.) Date Account Titles and Explanation Debit Credit Aug. 22 (Torecord employer payroll costs.) eTextbook and Media List of Accounts Save for Later Attempts: Oof3 used Submit Answer
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