PART B - Question 5 (5 marks) Blackstock Company has a weekly payroll of $18,375 and grants two weeks' vacation after one year's employment, which amounts to 4% of annual pay. Based on past turnover rates, the employer estimates that 80 percent of employees actually will be granted vacation time. Prepare a general journal entry to record the estimated vacation pay resulting from the weekly payroll. Use the following format for the General Journal Date Account Title and Explanation Debe Credit Question 28 Nic yet answered Marked out of 15.00 Birch Company has 5 sales employees, each of whom cams $3.000 per month and is paid the last working day of the month. Canada Pension Plan is 4.95 percent of the pensionable earnings and Employment Insurance is 1.78 percent of the insurable camnings. Withholdings for each employee also include federal income tax of 15% and medical insurance premiums of $110. Present a general journal entry to accrue the payroll on March 31, 20XXI NOTE CPP exemption must be coatidard for the awer Continuing the facts about Birch Company in 1 above, present the entry to record Birch Company's employer benefits for the month of March Calculate the employee and employer portion of CPP and EI Une the following format for the General Journa