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

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Golden Records has four employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half molith. At November 30, each employee is owed gross pay of $1,050, but each one must have 10% of their pay withheld for income taxes Each must also make Canada Pension Plan contributions 5.1% of their gross pay and pay Employment Insurance premiums of 1 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 Golden would report on its balance sheet at November 30 and on its income statement for the month ended on that dato Prepare the liability section of Golden Records balance sheet at November 30 (Leave any unused cells blank. Enter amounts to the nearest cent) Golden Records Balance Sheet (partial) As at November 30 Liabilities: Current Liabilities Choose from any list or enter any number in the input fields and then click Check Answer CAL Check Antwer 1 por remaining Questic 0 Journal Entries our SSP - yan At Novel fision Pla th of No: n to Date uld Debit Credit Nov 30 4,200.00 tio 420.00 Accounts and Explanation Salaries Expense Employee Income Tax Payable Canada Pension Plan Payable Employment Insurance Payable Salaries Payable To record salaries and employee withholdings payable st cent 214.20 68.04 3,497 76 Date Debit Credit Nov 30 Accounts and Explanation Canada Pension Plan Expense Employment Insurance Expense Canada Pension Plan Payable Employment Insurance Payable 21420 95.26 214 20 95.26 To record employer portion of CPP and El withholdings payable

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