Zerbe Consulting Inc.s gross salaries for the biweekly period ended August 24 were $14,400. Deductions...
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Zerbe Consulting Inc.s gross salaries for the biweekly period ended August 24 were $14,400. Deductions included $794 for CPP, $271 for EI, and $5,972 for income tax. The employers payroll costs were $794 for CPP and $379 for EI. Prepare journal entries to record
(a) the payment of salaries on August 24;
(b) the employer payroll costs on August 24, assuming they will not be remitted to the government until September; and
(c) the payment to the government on September 3 of all amounts owed.
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