Platinum Records has four employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half-month. At November 30, each employee is owed gross pay of $1,750, but each one must have 10% of their pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.1% of their gross pay and pay Employment Insurance premiums of 1.62% of their gross pay. The following entries were recorded for the month of November (Click on the icon to view the journal entries.) Journal entries Show what Platinum would report on its balance sheet at November 30 and on its income stateme Date Debit Accounts and Explanation Credit Prepare the liability section of Platinum Records' balance sheet at November 30. (Leave any unu Nov. 30 7,000.00 Platinum Records 700.00 Balance Sheet (partial) 357.00 As at November 30 Salaries Expense Employee Income Tax Payable Canada Pension Plan Payable Employment Insurance Payable Salaries Payable To record salaries and employee withholdings payable 113.40 Liabilities: 5,829.60 Current Liabilities: Amount Date Accounts and Explanation Debit Credit Nov.130 357.00 Canada Pension Plan Expense Employment Insurance Expense 158.76 Canada Pension Plan Payable 357.00 158.76 Prepare the partial income statement sheet for the month ending November 30 (Leave any unus Employment Insurance Payable lext Print Dana 12:29 Platinum Records has four employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half-month. At November 30, each employee is owed gross pay of $1,750, but each one must have 10% of their pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.1% of their gross pay and pay Employment Insurance premiums of 1.62% of their gross pay. The following entries were recorded for the month of November (Click on the icon to view the journal entries.) x Show what Platinum would report on its balance sheet at November 30 and on its income stateme Journal entries Date Accounts and Explanation Debit Credit Nov. 30 7,000.00 700.00 357.00 Prepare the partial income statement sheet for the month ending November 30 (Leave any unus Salaries Expense Employee Income Tax Payable Canada Pension Plan Payable Employment Insurance Payable Salaries Payable To record salaries and employee withholdings payable 113.40 Platinum Records 5.829.60 Income Statement (partial) For the Month Ended November 30 Expenses: Amount Date Accounts and Explanation Debit Credit Nov 30 357.001 158 76 Canada Pension Plan Expense Employment Insurance Expense Canada Pension Plan Payable Employment Insurance Payable 357 00 158.76 lext Drint Dana Type here to search 0 9 9C Rain