Option for the first one is Canada Pension Plan Taxes Expense Canada Pension Plan Taxes Payable (Employer) Cash Employment Insurance Payable (Employer) Income Taxes Payable Option for the second Canada Pension Plan Taxes Payable (Employer) Cash Employment Insurance Expense Employment Insurance Payable (Employer) Income Taxes Payable Options for the third Canada Pension Plan Taxes Expense Canada Pension Plan Taxes Payable (Employer) Employment Insurance Expense Income Taxes Expense Wages Expense Options for the fourth Canada Pension Plan Taxes Expense Employment Insurance Expense Employment Insurance Payable (Employer) Income Taxes Expense Wages Expense Cornerstone Exercise 8 28 Payroll Taxes During October, Seger Insurance employees earned $100,000 in wages The employer's share of Canada Pension Plan contributions was $3,000 and employer Employment Insurance premiums were $1,400 Required Prepare the necessary journal entry for Seger to record the employer portion of these payroll taxes For those boxes in which no entry is required, leave the box blank Employment Insurance Payable (Employer) (Record employer payroll taxes)

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Posted on Aug 28, 2024

Option for the first one is: - Canada Pension Plan Taxes Expense -Canada Pension Plan Taxes Payable (Employer) -Cash -Employment Insurance Payable (Employer) -Income Taxes

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Option for the first one is:

- Canada Pension Plan Taxes Expense

-Canada Pension Plan Taxes Payable (Employer)

-Cash

-Employment Insurance Payable (Employer)

-Income Taxes Payable

Option for the second :

Canada Pension Plan Taxes Payable (Employer)
Cash
Employment Insurance Expense
Employment Insurance Payable (Employer)
Income Taxes Payable

Options for the third :

Canada Pension Plan Taxes Expense
Canada Pension Plan Taxes Payable (Employer)
Employment Insurance Expense
Income Taxes Expense
Wages Expense

Options for the fourth :

Canada Pension Plan Taxes Expense
Employment Insurance Expense
Employment Insurance Payable (Employer)
Income Taxes Expense
Wages Expense

Cornerstone Exercise 8-28 Payroll Taxes During October, Seger Insurance employees earned $100,000 in wages. The employer's share of Canada Pension Plan contributions was $3,000 and employer Employment Insurance premiums were $1,400. Required: Prepare the necessary journal entry for Seger to record the employer portion of these payroll taxes. For those boxes in which no entry is required, leave the box blank. Employment Insurance Payable (Employer) (Record employer payroll taxes)