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Vaughn Kitchen is a small restaurant in Waterloo, Ontario that pays its employees monthly at the end of the month. For the month of June,
Vaughn Kitchen is a small restaurant in Waterloo, Ontario that pays its employees monthly at the end of the month. For the month of June, Vaughn Kitchen had gross payroll of $15,500. The company deducted $686 for CPP, $400 for El and $2,578 for income taxes. Prepare the journal entry to record the employer payroll costs on June 30 . Remember that the employer is required to pay 140% of the El contributions deducted for employees, while the employer CPP matching payment is at 100\%. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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