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Prepare the journal entries to record the August payroll

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

Employee compensation $135,000

Union dues 1,450

Charitable contributions 875

Employee CPP contributions 4,320

Employee EI contributions 2,336

Employee income tax withheld 20,250

Required - Prepare the journal entries to record the August payroll and the payroll benefits expense for M & D Company for August. Also prepare the entries to record the payment of payroll withholdings to the government and other agencies on September 15. Explanations are not required.

Reference no: EM132643263

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