On January 31, 2021, Sheridan Company had the following payroll liability accounts in its ledger: Canada Pension Plan payable Disability insurance payable Employment Insurance payable Income tax payable $7,992 1,350 3,895 16,602 Life insurance payable Union dues payable Vacation pay payable Workers' compensation payable 5890 1,520 21,920 4,625 7 In February, the following transactions occurred: Feb. 4 Sent a cheque to the union treasurer for union dues. Sent a cheque to the insurance company for the disability and life insurance . 13 Issued a cheque to the Receiver General for the amounts due for CPP, EI, and income tax. 20 Paid the amount due to the workers' compensation plan. 28 Completed the monthly payroll register, which shows gross salaries $96,100; CPP withheld $4,351; EI withheld $1,835; income tax withheld $18,295; union dues withheld $1,924; and long-term disability insurance premiums $1,520. 28 Prepared payroll cheques for the February net pay and distributed the cheques to the employees. 28 Recorded an adjusting journal entry to record February employee benefits for CPP, EI, workers' compensation at 5% of gross pay, vacation pay at 4% of gross pay, and life insurance at 1% of gross pay. Journalize the February transactions and adjustments. (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. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record remittance of union dues payable.) Feb. 7 (To record payment of life and disability premiums payable.) Feb. 13 (To record remittance of payroll deductions.) (To record remittance of Worker's Compensation payable.) (To record remittance of Worker's Compensation payable.) (To record salaries expense.) (To record payment of salaries payable.) (To record employers' benefits expense.) Calculate the balances in each of the payroll liability accounts at February 28, 2021. (Round answers to 0 decimal places, e.g. 5,275.) Canada Pension Plan Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 13 28 28 Employment Insurance Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 13 28 28 Income Tax Payable Credit Debit Balance Date Explanation Ref. Feb. 1 Balance 13 28 Workers' Compensation Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 20 28 Union Dues Payable Credit Debit Balance Date Explanation Ref. Feb. 1 Balance 4 28 Life Insurance Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 7 28 Vacation Pay Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 28 Disability Insurance Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 7 28 Salaries Payable Debit Credit Balance Date Explanation Ref. Feb. 28 28 On January 31, 2021, Sheridan Company had the following payroll liability accounts in its ledger: Canada Pension Plan payable Disability insurance payable Employment Insurance payable Income tax payable $7,992 1,350 3,895 16,602 Life insurance payable Union dues payable Vacation pay payable Workers' compensation payable 5890 1,520 21,920 4,625 7 In February, the following transactions occurred: Feb. 4 Sent a cheque to the union treasurer for union dues. Sent a cheque to the insurance company for the disability and life insurance . 13 Issued a cheque to the Receiver General for the amounts due for CPP, EI, and income tax. 20 Paid the amount due to the workers' compensation plan. 28 Completed the monthly payroll register, which shows gross salaries $96,100; CPP withheld $4,351; EI withheld $1,835; income tax withheld $18,295; union dues withheld $1,924; and long-term disability insurance premiums $1,520. 28 Prepared payroll cheques for the February net pay and distributed the cheques to the employees. 28 Recorded an adjusting journal entry to record February employee benefits for CPP, EI, workers' compensation at 5% of gross pay, vacation pay at 4% of gross pay, and life insurance at 1% of gross pay. Journalize the February transactions and adjustments. (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. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record remittance of union dues payable.) Feb. 7 (To record payment of life and disability premiums payable.) Feb. 13 (To record remittance of payroll deductions.) (To record remittance of Worker's Compensation payable.) (To record remittance of Worker's Compensation payable.) (To record salaries expense.) (To record payment of salaries payable.) (To record employers' benefits expense.) Calculate the balances in each of the payroll liability accounts at February 28, 2021. (Round answers to 0 decimal places, e.g. 5,275.) Canada Pension Plan Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 13 28 28 Employment Insurance Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 13 28 28 Income Tax Payable Credit Debit Balance Date Explanation Ref. Feb. 1 Balance 13 28 Workers' Compensation Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 20 28 Union Dues Payable Credit Debit Balance Date Explanation Ref. Feb. 1 Balance 4 28 Life Insurance Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 7 28 Vacation Pay Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 28 Disability Insurance Payable Debit Credit Balance Date Explanation Ref. Feb. 1 Balance 7 28 Salaries Payable Debit Credit Balance Date Explanation Ref. Feb. 28 28