Waterway Kitchen is a small restaurant in Waterloo, Ontario that pays its employees monthly at the end of the month. For the month of June, Waterway Kitchen had gross payroll of $12.750. The company deducted $565 for CPP, $290 for El and $2,138 for income taxes. (a) Your answer is correct. Prepare the journal entry to record the payment of wages to the employees on June 30. No previous payroll entries had been made for the month. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation June 30 Salaries Expense Debit 12750 Credit
Waterway Kitchen is a small restaurant in Waterloo, Ontario that pays its employees monthly at the end of the month. For the month of June, Waterway Kitchen had gross payroll of $12.750. The company deducted $565 for CPP, $290 for El and $2,138 for income taxes. (a) Your answer is correct. Prepare the journal entry to record the payment of wages to the employees on June 30. No previous payroll entries had been made for the month. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation June 30 Salaries Expense Debit 12750 Credit
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 3E
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