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Sheffield Inc's weekly payroll of $23,000 included employee income taxes withheld of $3,441, CPP witheld...

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Accounting

Sheffield Inc's weekly payroll of $23,000 included employee income taxes withheld of $3,441, CPP witheld of $990, and El withheld of $460. Assume now that the employer is required to match every dollar of the CPP contributions of its employees and to contribute 1.40 times the El withholdings.
(b)
Prepare Sheffield's entry to record its payroll-related payment to the Receiver General for Canada. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
CPP Contribution Payable
El Premiums Payable Cash
Cash
image

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