Question

02/15 EFT1   Record payment to Receiver General for January’s source deductions by EFT. Record in General Journal

02/16 CR3     Received payment in full from Oban Inc.

02/17 INV5   Sent a bill for $7,500 to St. Andrews Inc. terms n30. *

02/17 INV6   Sent a bill for $6,500 to Mull Inc. terms n30. *

02/18 CR4     Received payment in full for INV2 from Celebrity Fashions.

02/21 INV7    Sent a bill for $8,000 to Oban Inc. terms n/30 *

02/28 INV8    Sent a bill for $3,500 to Lomond Inc. terms n30 *

02/28 BS3    BNS charged $150 in bank charges. Record in General Journal

02/28              Paid the following salaries:

To you:CQ23 Salary expense                    $4,000.00

                        CPP expense                      $190.78                                             

                        EI expense                           $92.96

                        CPP payable                       $381.56         

                        EI payable                            $159.36         

                        Income tax payable            $944.64

                        Net pay paid                        $2,798.18

To: Victor Wong: CQ24

                                   

                        Salary expense                   $3,000.00

                        CPP expense                      $141.28                                             

                        EI expense                           $69.72

                        CPP payable                       $282.56         

                        EI payable                            $119.52         

                        Income tax payable            $602.43

                        Net pay paid                        $2,206.49

To: Geraldine Sparkles: CQ25

                                   

                        Salary expense                   $1,750.00

                        CPP expense                      $79.41                                               

                        EI expense                           $40.67

                        CPP payable                       $158.82         

                        EI payable                            $69.72           

                        Income tax payable            $244.82

                        Net pay paid                        $1,396.72

To: Duncan MacPherson: CQ26

                        Salary expense                   $1,250.00

                        CPP expense                      $54.66                                               

                        EI expense                           $29.05

                        CPP payable                       $109.32         

                        EI payable                            $49.80           

                        Income tax payable            $144.94

                        Net pay paid                        $1,029.65

Answer 1

Please find all the journal entries below with narration:

Note: Some amounts are not provided, which denoted as "xxx" in the Debit and Credit column.

Note:

Employees contribution to CPP = CPP payable - CPP expense

Employees contribution to EI = EI payable - EI expense

And Income tax payable is wholly deducted from the respective employee's salary.