Homework Answers
| Xavier Corporation | ||||
| Journal entries in the month of September 2018 | ||||
| As per the given information the journal entries are as follows: | ||||
| Debit | Credit | |||
| Journal entry for the monthly payroll | ||||
| 1 | Salaries | 14800 | ||
| Income tax withheld | 3995 | |||
| Union tax | 60 | |||
| Alberta Health care | 440 | |||
| Canada pension premiums | 732.6 | |||
| Employment Insurance Premium | 245.68 | |||
| Salaries Payable | 9326.72 | |||
| Journal entry for employer's portion of monthly payroll | ||||
| 2 | Salaries | 9326.72 | ||
| Salaries Payable | 9326.72 | |||
| Journal entry for payment of monthly taxes | ||||
| 3 | Income tax withheld | 3995 | ||
| Union tax | 60 | |||
| Alberta Health care | 440 | |||
| Canada pension premiums | 732.6 | |||
| Employment Insurance Premium | 245.68 | |||
| Cash | 5473.28 | |||
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