Pina Industries had a total bi-weekly payroll of $42,000. The entire payroll was subject to CPP (5.45%), EI (1.58%), and income tax withholdings of $5,544. Union dues of $525 were also withheld.(a)Prepare the journal entries on Pina’s books to record the wages and salaries paid and the payroll deductions. (Round answer to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Prepare the journal entries on Pina’s books to record the remittance to the Receiver General for Canada for the above-described payroll. (Round answer to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Patag Construction Company's total payroll tax expense for January is $75,500, including a $5,000 employee vacation and paid-time-off expense. The company settled $70,500 of these expenses to pay employees their salary and other third parties for the withholdings. Which of the following accounts would be credited?Select answer from the options belowliabilityassetsexpensecash

Each time a payroll is recorded, a General Journal entry should also be made to record the employer's CPP and EI amounts payable.Group startsTrue or False

Extractions of the summarized statement of comprehensive income and statement of changes in Equity for the year ended 31.03.2015 of Ruba PLC are as follows; Income Statement Rs. (‘000) Sales 20,500.00 Cost of sales -14,000.00 Gross Profit 6,500.00 Other income (Fized deposit interest) 75 Operating expenses -3,500.00 Other expenses (Computer disposal) -50 Financial Expenses (Loan interest) -760 Profit before tax 2,265.00 Income tax -1,200.00 Profit for the period 1,065.00 Statement of changes in Equity Rs.(‘000) Balance as at 01.04.2015 540 Total comprehensive income 1,065.00 Dividends -605 Balance of retained earnings as at 31.03.2015 1,000.00 Additional information 1.       Carrying amount of computer disposed on 01.04.2015 was Rs. 120,000.00 2.       The depreciation of Rs. 300,000.00 was included in operating expenses 3.       Following balances were extracted from the statement of financial position Rs. (‘000) 2015.03.31 2014.03.31 Ordinary share capital 15,500.00 15,000.00 Preference share capital 10,000.00 10,000.00 Property, Plant and equipment 7,700.00 8,000.00 Cash and cash equivalents 1,440.00 300 Loan interest receivable 40 50 Other current assests 3,200.00 2,900.00 Provision of income tax 150 100 Proposed dividends 200 250 Accrued loan interest 120 60 Trade Payables/Creditors 860 750 4.       Rs.120,000.00 worth of a photocopy machine was purchased during the period but it was not revealed under property plant and equipment during the year 5.       Note that other current assets include stocks worth 1000 and debtors/trade receivables worth 2200 as at 31.03.2015 and stocks worth 1500 and debtors/trade receivables worth 1400 as at 31.03.2014 Requirement Prepare Cash flow statement of Ruba PLC. Find the cash balance for the year ended by using relevant accounting formats.

25.  On December 31, Bathala Company correctly made an adjusting entry to recognize P4,000 of accrued salaries payable.  On January 8 of the following year, total salaries of P6,800 were paid.  Assuming the correct reversing entry was made on January 1, the entry on January 8 will result in a credit to Cash P6,800, and the following debit(s):*a. Salaries Expense P6,800b. Salaries Payable P6,800Salaries Payable P2,800 and Salaries Expense P4,000d. Salaries Payable P4,000 and Salaries Expense P2,800