Reference no: EM132861970

Question - C & D Company has numerous employees who are paid on a semi-monthly basis. Payroll information for August of the current year is given below.

Employee compensation $185,000

Employee CPP contributions 5,820

Employee EI contributions 3,836

Employee income tax withheld 45,250

Required -

(1) Prepare the journal entry to record the August payroll; and,

(2) Prepare the payroll benefits expense entry for C & D Company for August; Also,

(3) Prepare the entry to record the payment of payroll withholdings to Reviver General of Canada on September 15. Explanations are not required.