5. Plumbers-on-the-Go Ltd. Paid their employees on January 15, 2024. Gross salaries totalled $19,000, and payroll deductions included CPP $802, EI $261, and employee income tax of $5,780. The employer benefit expenses were $802 for CPP, $368 for El and $98 for WCB. The Jentry to record the employee portion of the transaction is: a. DR Employee Benefits Expense $1,268, CR CPP Payable $802, EI Payable $368, WCB Payable $98. b. DR Salaries Expense $19,000, CR CPP Payable $802, CR EI Payable $261, CR Employee Income Taxes $5,780, CR Cash $12,157 c. DR CPP Payable $1,604, DR EI Payable $629, DR WCB Payable $98, DR Employee Income Taxes Payable $5,780, CR Cash $8,111 d. DR Salaries Expense $19,000, CR Salaries Payable $19,000 S 9 O

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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5. Plumbers-on-the-Go Ltd. Paid their employees on January 15, 2024. Gross salaries totalled
$19,000, and payroll deductions included CPP $802, El $261, and employee income tax of
$5,780. The employer benefit expenses were $802 for CPP, $368 for El and $98 for WCB. The
Jentry to record the employee portion of the transaction is:
S
9
O
a. DR Employee Benefits Expense $1,268, CR CPP Payable $802, EI Payable $368, WCB Payable $98.
b. DR Salaries Expense $19,000, CR CPP Payable $802, CR El Payable $261, CR Employee Income Taxes $5,780, CR Cash $12,157
c. DR CPP Payable $1,604, DR EI Payable $629, DR WCB Payable $98, DR Employee Income Taxes Payable $5,780, CR Cash $8,111
d. DR Salaries Expense $19,000, CR Salaries Payable $19,000
Transcribed Image Text:5. Plumbers-on-the-Go Ltd. Paid their employees on January 15, 2024. Gross salaries totalled $19,000, and payroll deductions included CPP $802, El $261, and employee income tax of $5,780. The employer benefit expenses were $802 for CPP, $368 for El and $98 for WCB. The Jentry to record the employee portion of the transaction is: S 9 O a. DR Employee Benefits Expense $1,268, CR CPP Payable $802, EI Payable $368, WCB Payable $98. b. DR Salaries Expense $19,000, CR CPP Payable $802, CR El Payable $261, CR Employee Income Taxes $5,780, CR Cash $12,157 c. DR CPP Payable $1,604, DR EI Payable $629, DR WCB Payable $98, DR Employee Income Taxes Payable $5,780, CR Cash $8,111 d. DR Salaries Expense $19,000, CR Salaries Payable $19,000
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