Refer to the data for Whirled Corporation in BE13-11. Assume now that the employer is required to match every dollar of the CPP contributions of its employees and to contribute 1.4 times the EI withholdings. Prepare the journal entry to record Whirled Corporation’s payroll-related expenses.
IN BE, Whirled Corporation’s weekly payroll of $23,000 included employee income taxes withheld of $3,426, CPP withheld of $990, EI withheld of $920, and health insurance premiums withheld of $250. Prepare the journal entries to record Whirled’s payroll.