Refer to the data for Whirled Corporation in BE13-11 and BE1312. Prepare Whirled Corporations entry to record

Question:

Refer to the data for Whirled Corporation in BE13-11 and BE13–12. Prepare Whirled Corporation’s entry to record its payroll-related payment to the CRA.

IN BE,

Whirled Corporation’s weekly payroll of $23,000 included employee income taxes withheld of $3,426, CPP withheld of $990, EI withheld of $920, and health insurance premiums withheld of $250. Prepare the journal entries to record Whirled’s payroll.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...