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The following totals for the month of June were taken from the payroll register of Mike Corp.: Gross salaries $28400 CPP withheld 1370 Employee income
The following totals for the month of June were taken from the payroll register of Mike Corp.:
Gross salaries | $28400 |
CPP withheld | 1370 |
Employee income taxes withheld | 5740 |
Medical insurance deductions | 920 |
EI withheld | 477 |
Union dues withheld | 459 |
The journal entry to record payment of the net payroll would include a:
a.
credit to Cash for $28400.
b.
debit to Salaries Payable for $19434.
c.
debit to Salaries Payable for $22660.
d.
debit to Salaries Payable for $19893.
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