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Golden Records has five employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half-month.

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Golden Records has five employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half-month. At April 30, each employee is owed gross pay of $2,500, but each one must have 10% of their pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.1% of their gross pay and pay Employment Insurance premiums of 1.62% of their gross pay. Prepare the payroll journal entries required to reflect these amounts, along with Golden's share of CPP contributions and El premiums, in Golden's April 30 financial statements. Prepare the journal entry to record the accrual of the payroll on April 30. (Enter debits first, then credits. Enter explanations on the last line of the journal. Round amounts to the nearest cent.) Date Accounts and Explanation Debit Credit Apr. 30 Prepare the journal entry to record the related employer's liability on April 30. (Enter debits first, then credits. Enter explanations on the last line of the journal. Round amounts to the nearest cent.) Date Accounts and Explanation Debit Credit Apr. 30Prepare the journal entry to record the related employer's liability on April 30. (Enter debits first, then credits. Enter explanations on the last line of the journal. Round amounts to the nearest cent.) Date Accounts and Explanation Debit Credit Apr. 30Golden Records has five employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half-month. At April 30, each employee is owed gross pay of $2,500, but each one must have 10% of their pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.1% of their gross pay and pay Employment Insurance premiums of 1.62% of their gross pay. Prepare the payroll journal entries required to reflect these amounts, along with Golden's share of CPP contributions and El premiums, in Golden's April 30 financial statements. Prepare the journal entry to record the accrual of the payroll on April 30. (Enter debits first, then credits. Enter explanations on the last line of the journal. Round amounts to the nearest cent.) Date Accounts and Explanation Debit Credit Apr. 30 Accounts Receivable Canada Pension Plan Expense Canada Pension Plan Payable Cash Employee Benefits Expense Prepare the jo Employee Income Tax Payable Employment Insurance Expense April 30. (Enter debits first, then credits. Enter explanations on the last line of the journal. Round amounts to the nearest cent.) Date Employment Insurance Payable Debit Credit Apr. 30 Salaries Expense Salaries Payable

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