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Question 41 (2 points) The following totals for the month of April were taken from the payroll register of Branson Corp.: Gross salaries...... $26,850 CPP
Question 41 (2 points) The following totals for the month of April were taken from the payroll register of Branson Corp.: Gross salaries...... $26,850 CPP withheld...... 1,330 Employee income taxes withheld..... 5,785 Medical insurance deductions.......... 930 EI withheld......... 478 Union dues withheld................ 446 The journal entry to record the accrual of the employee's portion of Canada Pension Plan (CPP) would include a credit to CPP Payable of $1,330. debit to CPP Payable of $1,330. debit to CPP Expense of $1,330. credit to Employee Benefits Expense of $1,330
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