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Martinez Inc's weekly payroll of $27,000 included employee income taxes withheld of $3,796, Canada Pension Plan (CPP) withheld of $1,162, and Employment Insurance (EI) withheld
Martinez Inc's weekly payroll of $27,000 included employee income taxes withheld of $3,796, Canada Pension Plan (CPP) withheld of $1,162, and Employment Insurance (EI) withheld of $540. Prepare the journal entry to record Martinez's weekly payroll. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Salaries and Wages Expense Employee Income Tax Deductions Payable CPP Contributions Payable Cash Debit 27000 Credit
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