Lavender Ltd pays its employees on a fortnightly basis

Lavender Ltd pays its employees on a fortnightly basis. All employee benefits are recognised asexpenses. The following information is provided for its July and August payrolls:July$Fortnightly payrollGross payroll for the monthDeductions payable to:Taxation authorityHealth fundCommunity charityUnion feesTotal deductions for the monthNet wages and salaries paid14 July, 11 August28 July, 25 August205,00016,0003,3005,300376,195460,205August$$574,000492,0001,066,000$476,000590,0001,066,000229,600836,400201,00016,0003,3005,300453,650386,7501,066,000225,600840,4001,066,000The two fortnightly payrolls in August were for the fortnight ended Friday, 7 August and Friday, 21August. The payrolls were processed and paid on the following Monday and Tuesday respectively.Payroll deductions are remitted as follows:Health funddeductionsUnion feesTaxation authorityCommunity charity3rd day of the following month3rd day of the following month15th day of the following month21st day of the following monthPrepare all journal entries to account for the August payroll and all payments relating to employeebenefits during August. NOTICE: the only accounts you should use for the general journals are: BANK,PAYROLL TAXES EXPENSES, WAGES AND SALARIES EXPENSE, WAGES AND SALARIES PAYABLE, DIRECTLABOUR EXPENSE3 August(Payment of July health insurance payroll deductions)(Payment of July payroll deductions for union fees)10 August(Payroll for fortnight ended 7/8)11 August(Payment of net wages and salaries)15 August(Payment of employee income tax withheld in July)21 August(Payment of July payroll deductions for charity donations)24August(Payroll for fortnight ended 21/8)25 August(Payment of net wages and salaries)

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