C & D Company has numerous employees who are paid on a semi-monthly basis. Payroll information for August of the current year is given below.

Employee compensation$175,000

Employee CPP contributions5,320

Employee EI contributions 3,336

Employee income tax withheld40,250

Prepare (1) the journal entry to record the August payroll (6 marks) and (2) the payroll benefits expense journal for C & D Company for August. (4 Marks)

Explanations are not required.