425 Harrison Company employees had the following earnings records at the end of August 2017 Employee Year-to-Date Earnings Eamings for August 31 through Last Pay Period Pay Period (one week pay period) L Wikins $55,500 $672 J. Bird 31,200 L. Bryant 16.750 K. James 10.110 196 D. Irving 22,800 330 Harrison's payroll for each employee include: 4.95% CPP on the maximum pensionable earnings of $53,600, and an El rate of 1.88% paid to a maximum of $49,500 annually. As well, $400 federal and provincial income taxes will be deducted from the combined employees' gross pay for the week. Instructions Prepare the journal entries to record the August 31 payroll accrual. Use One wek t Employee CPP (4.06%) Calculation El (1.68%) Calculation L Wilkins $672 Exempt 672- 567,31 X 4.95% Exempt 672 X 18% J. Bird L. Bryant K. James D. Irving Salary "Wilkins has reached the maximum CPP and El contributions for the year. CPP weekly exemption per employee $3.500 / 2 weeks 31 er we