Quiz: Chapter 7 Quiz Submit Quiz This Question: 20 pts 6 of 6 (5 complete) This Quiz: 63 pts possible Stanely Records has five 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 $1,050, 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. Prepare the payroll journal entries required to reflect these amounts, along with Stanely's share of CPP contributions and El premiums, in Stanely's November 30 financial statements Prepare the journal entry to record the accrual of the payroll on November 30. (Enter debits first, then credits. Enter explanations on the last line of the Journal. Round amounts to the nearest cent) Dato Accounts and Explanation Debit Credit Nov. 30 Prepare the journal entry to record the related employer's liability on November 30. (Enter debits first, then credits. Enter explanations on the last line of the Journal. Round amounts to the nearest cent.) Dato Accounts and Explanation Debit Credit Nov. 30