Refer
to the data for Whirled Corporation in BE13-11 and BE13–12. Prepare Whirled
Corporation’s entry to record its payroll-related payment to the CRA.
IN
BE Whirled Corporation’s weekly payroll of $23,000 included employee income
taxes withheld of $3,426, CPP withheld of $990, EI withheld of $920, and health
insurance premiums withheld of $250. Prepare the journal entries to record
Whirled’s payroll.
|
Employee Income Tax Deductions Payable..
|
3,426
|
|
|
CPP Contributions Payable ($990 X 2).... EI
Premiums Payable (920 X 1.4)....
|
1,980
|
|
|
EI Premiums Payable ($920 + $1,288).....
|
2,208
|
|
|
Cash...............................
|
|
7,614
|
