Games Co. has eight employees, each of whom earns $3,500 per month. Income taxes are 20% of
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Games Co. has eight employees, each of whom earns $3,500 per month. Income taxes are 20% of gross pay and the company deducts EI and CPP. Prepare the March 31, 2015, journal entry to record Games Co.’s salaries expenses for the month.
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Mar 31 Wages Expense 3500 x 8 2800000 CPP Payable 3500 29...View the full answer
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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