Company had gross wages of $200,000 for the month ended December 31, 2022. The CPP contributions were $9,900, El contributions were $3,460, and income tax withholdings were $36,000. Journalize the entry to record the payroll expense for the month ended December 31, 2022. Employees not paid at this time Journalize the entry to record the payroll tax expense incurred for the month. (Expenses for the employer) Journalize the entry to record payment to CRA. (Specify the due date)

Company had gross wages of $200,000 for the month ended December 31, 2022. The CPP contributions were $9,900, El contributions were $3,460, and income tax withholdings were $36,000. Journalize the entry to record the payroll expense for the month ended December 31, 2022. Employees not paid at this time Journalize the entry to record the payroll tax expense incurred for the month. (Expenses for the employer) Journalize the entry to record payment to CRA. (Specify the due date)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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