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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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7 years ago
Refer to Table 11-16. What is the correct journal entry to record the salary expense?
A)
Salary expense - regular   1,200.00   
            Income tax payable      240.00
            CPP payable      59.40
            EI payable      21.96
            Cash      878.64
Salary expense - overtime     270.00   
            Cash        270.00

B)
Salary expense    1,470.00   
            Income tax payable      294.00
            CPP payable      72.77
            EI payable      26.90
            Cash      1,076.33

C)
Salary expense   1,470.00   
            Income tax payable      294.00
            CPP payable      72.77
            EI payable      26.90
            Worker's compensation payable        23.52
            Cash      1,052.81

D)
Salary expense    1,470.00   
            Income tax payable      294.00
            CPP payable      72.77
            EI payable       37.66
            Cash      1,065.57
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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migrodmigrod
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7 years ago
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