1. can someone check this for me?? I think I have completed it but the question keeps saying
incomplete and I am not sure what I am missing! Thank you!! Problem Al-4A Journal entries for
payroll transactions LO2, 3, 4 A company has three employees, each of whom has been
employed since January 1, earns $3,500 per month, and is paid on the last day of each month. On
March 1, the following accounts and balances appeared in its ledger. a. Employees' Income
Taxes Payable, $1,354.98 (liability for February). b. El Payable, $418.32 (liability for February).
c. CPP Payable, $952.88 (liability for February). d. Employees' Medical Insurance Payable,
$1,920.00 (liability for January and February). During March and April, the company completed
the following related to payroll. Mar. 17 Issued cheque #320 payable to the Receiver General
for Canada. The cheque was in payment of the February employee income taxes, El, and CPP
amounts due. Mar. 31 Prepared a general journal entry to record the March payroll register,
which had the following column totals: Mar. 31 Recorded the employer's $480.00 liability for its
50% contribution to the medical insurance plan of employees and 6% vacation pay accrued to
the employees. Mar. 31 Prepared a general journal entry to record the employer's costs resulting
from the March payroll. Apr. 17 Issued cheque #555 payable to the Receiver General for
Canada in payment of the March mandatory deductions. Apr. 17 Issued cheque #556 payable to
All Canadian Insurance Company in payment of the employee medical insurance premiums for
the first quarter. Required: Prepare the entries to record the transactions. (Round your answers to
2 decimal places. Do not round intermediate calculations.)
Required: Prepare the entries to record the transactions. (Round your answers to 2 decimal
places. Do not round intermediate calculations.)