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Ivanhoe Ventures Ltd. had the following transactions: Oct. 31 Nov. 2 Nov. 15 Recorded wages earned by the employees during the month, which amounted to

Ivanhoe Ventures Ltd. had the following transactions: Oct. 31 Nov. 2 Nov. 15 Recorded wages earned by the employees during the month, which amounted to $29,400. The source deductions on these wages were CPP of $1,602, El of $465, and income taxes of $4,508. Also recorded the employer's portion of CPP and El. Paid the wages recorded on October 31 Made the remittance to the government related to the October 31 payroll. (a) Your answer is correct. Determine the amount of the employees' net wages. Net wages 22825 eTextbook and Media List of Accounts Attempts: 1 of 5 used Date Account and explanation Debit Credit Oct. 31 Oct. 31 v (To record wages payable to employees) Nov. 2 Nov. 15 (To record employer's liabilities)

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