In preparing for next year, Tony Freedman has hired two employees to work on an hourly basis assisting with some troubleshooting and repair work. Assume the following details: a. The following accounts have been added to the chart of accounts: Wages Expense, 5110; Income Taxes Payable, 2020; CPP Payable, 2030; EI Payable, 2040; and Wages Payable, 2010. b. CPP is deducted according to the tables in Appendix 8-2. c. EI is deducted according to Appendix 8-3. d. Both employees have claim codes of 1. e. Each employee earns $20 an hour and is paid time-and-a-half for hours worked in excess of 40 weekly. Assignment 1. Record the partial transactions listed below in the appropriate journal and post to the general ledger. 2. Prepare a payroll register. 3. Prepare a trial balance as of November 30, 2013. Schedule of Accounts Receivable Precision Computer Centre October 31, 2013 Carson Engineering……………………$ 6,240.00 Antony Pitale…………………………. 1,600.00 Taylor Golf…………………………… 4,500.00 Total Amount Due……………………. $12,340.00 Schedule of Accounts Payable Precision Computer Centre October 31, 2013 City Newspaper………………………….$375.00 Staples…………………………………… 250.00 Total Amount Payable……………………$625.00 View Solution:In preparing for next year Tony Freedman has hired two
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