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  3. each must also make canada pension plan contributi

Each must also make Canada Pension Plan contributions of 5.1% of their gross pay and...

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Accounting

Each must also make Canada Pension Plan contributions of 5.1% of their gross pay and pay Employment Insurance premiums of 1.62% of their gross pay. The following entries were recorded for the month of November:
(Click on the icon to view the journal entries.)
Show what Platinum would report on its balance sheet at November 30 and on its income statement for the month ended on that date.
Prepare the liability section of Platinum Records' balance sheet at November 30.(Leave any unused cells blank. Enter amounts to the nearest cent.)
Prepare the partial income statement sheet for the month ending November 30.(Leave any unused cells blank. Enter amounts to the nearest cent.)
Journal Entries
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