Question: 2-The journal entry for your recent payroll run has the following entries in it: Salaries and wages expense $197,500.00 debit, QPP contributions payable $7,618.00 credit,
2-The journal entry for your recent payroll run has the following entries in it: Salaries and wages expense $197,500.00 debit, QPP
contributions payable $7,618.00 credit, El premiums payable $3,307.00 credit, QPIP premiums payable $1,207.00 credit, federal income tax
payable $29,230.00 credit and Qubec income tax payable $58,230.00 credit. What amount must be posted to Salaries and wages payable
in order to make this a balanced entry?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
