Each must also make Canada Pension Plan contributions of $5\mathrm{.}1\%$ of their gross pay and pay Employment Insurance premiums of $1\mathrm{.}62\%$ of their gross pay. The following entries were recorded for the month of November:

$($Click on the icon to view the journal entries.$)$

Show what Platinum would report on its balance sheet at November $30$ and on its income statement for the month ended on that date.

Prepare the liability section of Platinum Records' balance sheet at November $30.($Leave any unused cells blank. Enter amounts to the nearest cent.$)$

Prepare the partial income statement sheet for the month ending November $30.($Leave any unused cells blank. Enter amounts to the nearest cent.$)$

Journal Entries