Record the entries in the expanded accounting equation

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Zerbe Consulting Inc.'s gross salaries for all their employees for the biweekly (2 weeks) period ended August 22 was $15,000. Deductions included $743 for CPP, $260 for EI, and $6,258 for income tax.

Question 1: Record the entries in the expanded accounting equation using account names for (a) the payment of salaries on August 22, and (b) the employer payroll costs on August 22, assuming they will not be paid to the government until September, and (c) the payment of the employee benefits to the government on September 8.

Reference no: EM132861422

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