5) Using the information from the following Payroll Register, please complete the two Journal Entries below (One for recording Salary Payroll and one for recording Employer Expenses. (30 marks)

Company ABC

Salary Payroll Register

Dated January 31, 2021

Cheque	Employee	Salary	CPP	EI	Federal Tax	Provincial Tax	Total Deductions	Net Pay
1	Bob Johnson	$2,000	$101.66	$31.60	$199.40	$107.10	$439.76	$1,560.24
2	Larry David	$3,000	$156.16	$47.40	$401.80	$202.15	$807.51	$2,192.49
3	Jack Ferguson	$3,500	$183.51	$55.30	$501.05	$255.10	$994.96	$2505.04
4	Michael Thomas	$4,000	$210.76	$63.20	$618.60	$336.35	$1228.91	$2,771.09
Total		$12,500	$652.09	$197.50	$1,720.85	$900.70	$3,471.14	$9,028.86

Company ABC

General Journal

Dated January 31, 2021 Accounting Period 01

Account	Debit	Credit
Salary Expense
Canada Pension Payable
Employment Insurance Payable
Federal Income Taxes Payable
Provincial Income Taxes Payable
Salaries and Wages Payable
Total

Explanation: To record salary payroll for January based on register dated January 31, 2021

Company ABC

General Journal

Dated January 31, 2021 Accounting Period 01

Account	Debit	Credit
Canada Pension Expense (match)
Employment Insurance Expense (x1.4)
Workers Compensation Expense (.0246)
Vacation Pay Expense (4%)
Canada Pension Payable
Employment Insurance Payable
Workers Compensation Payable
Vacation Pay Payable
Total

Explanation: To record employer expenses for January based on register dated January 31, 2021