A$.$ Omega company pays its employees monthly. For February $2024,$ Omega Co$.\text{'}$s employees had total

gross pay of $$770,000.$ Personal income tax was deducted at $23\%$ of total gross pay.

In $2023,$ CPP contributions are $5\mathrm{.}95\%$ for both Omega and its employ$$es$.$ The $2023$ El contribution

rate for employees is $1\mathrm{.}66\%$ and Omega must contribute $1\mathrm{.}4$ times the employee amount for its

share as the employer. $100\%$ of employees' February earnings are subject to both CPP and EI$.$

Employees' contributions to Omega's group RRSP plan equal to $4\%$ of their gross pay were

deducted in February. Omega contributes $50\%$ of the amount contributed by employees and

remits the funds to the group RRSP plan.

Omega paid the employees their net pays on Thursday, February $29$th$.$ Omega pays its employees on

the last day of work every month. Any remittances other than net pay will be made in March.

Required:

Prepare the journal entry$($ies$)$ on Feb $29$ for Omega to record the February payroll.