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Boxcom Company had a total bi-weekly payroll of $ 90,000. The entire payroll was subject to CPP (4.95%), EI (1.66%), and income tax withholdings of

Boxcom Company had a total bi-weekly payroll of $ 90,000. The entire payroll was subject to CPP (4.95%), EI (1.66%), and income tax withholdings of $ 11,880. Union dues of $ 1,125 and Health insurance premiums of $ 2,850 were also withheld. Boxcom will match employee CPP and 1.4 times employees EI

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  1. Prepare the journal entries to record the employee wages/salaries and payroll deductions
  2. Prepare the journal entries to record the employer payroll contributions
  3. Prepare the journal entries to record the remittance to the Receiver General (Canada Revenue Agency)

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