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On 21 November, the weekly payroll register of Python Ltd showed gross wages and salaries of $87 000. The organisation withheld $20 880 for income tax, $1670 for life insurance, $2500 for medical insurance premiums, and $8700 for superannuation deductions made on behalf of employees. Prior to this transaction the entity's current liabilities (extract) were as follows. then,
Question (a) Make the general journal entry to record the payroll and payroll deductions.
Question (b) Make the general journal entry to record the employer's contributions to the employees' superannuation fund at the rate of 12% of gross payroll.
Question (c) Make the entries in the cash payments journal to record payment of the above liabilities.
Australian Taxation Office $41 760Life Insurance Payable 2 505Health Insurance Payable 3 750Superannuateon Deductions Payable 17 400
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