Haines, Inc prepared the following payroll summary for the current month Administrative salaries $10,000 Sales salaries 15,000 Shop wages 21,000 Employee deductions Federal and provincial income taxes withheld 11,500 Hospital insurance premiums 1,430 Union dues 1,190 CPP is 4 95 and EI is 1 73 , an...

Haines, Inc. prepared the following payroll summary for the current month: Administrative salaries $10,000 Sales salaries 15,000

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Question:

Haines, Inc. prepared the following payroll summary for the current month: Administrative salaries	$10,000
Sales salaries	15,000
Shop wages	21,000
Employee deductions:
Federal and provincial income taxes withheld	11,500
Hospital insurance premiums	1,430
Union dues	1,190

CPP is 4.95% and EI is 1.73%, and none of the current month's salaries and wages exceed the CPP or EI limits. Haines makes a private pension contribution equal to 9% of each employee's gross earnings. A vacation pay accrual is also made at 4% of the gross earnings. (Ignore the CPP annual exemption for this question)

Required:

Prepare the journal entries to record:

a) The month's payroll accrual.

b) The month's employer statutory payroll costs (CPP and EI).

c) The employer's private pension contribution and vacation pay accrual.