Appendix I
Review Exercise Solutions
429
Chapter 11 Review Exercise—Solutions
a) Payroll register
Payroll Period
June 8 to June 19, 2015
Payroll Register
Deductions
Name
Gross
Earnings
CPP
EI
Income Tax Charitable
Donations
Health
Plan
Total
Deductions Net Pay
Flower, Blossom 1,288.00
57.09
24.21 231.84
10.00
25.00 348.14 $939.86
Painter, Rob
1,026.00
44.12
19.29 184.68
10.00
25.00 283.09 $742.91
Scrap, Brook
1,203.50
52.91
22.63 216.63
10.00
25.00 327.17 $876.33
Totals
$3,517.50 $154.12 $66.13 $633.15 $30.00 $75.00 $958.40 $2,559.10
b) Pay employees
JOURNAL Page 1
Date
2015
Account Title and Explanation
Debit Credit
Jun 19 Salaries Expense
3,517.50
CPP Payable
154.12
EI Payable
66.13
Income Tax Payable
633.15
Charitable Donations Payable
30.00
Health Plan Payable
75.00
Cash
2,559.10
Record salaries and deductions
c) Accrue vacation pay
JOURNAL Page 1
Date
2015
Account Title and Explanation
Debit Credit
Jun 19 Vacation Pay Expense
140.70
Vacation Pay Payable
140.70
To accrue vacation play
Vacation pay = $3,517.50 × 4%
