Question: Pebble Corp. is processing their payroll for August 2020. Total payroll is $14,500 and had the foll owing deductions: CPP $761 EI $242 Income tax

Pebble Corp. is processing their payroll for August 2020. Total payroll is $14,500 and had the foll

owing

deductions:

CPP

$761

EI

$242

Income tax

$4,920

Health insurance

$425

Pension plan

$290

Pebble remits their payroll deductions, health insurance premiums, and pension plan payments monthly.

Required:

1. Prepare the monthly

payroll journal entry.

2. Prepare the journal entries to remit deductions to the appropriate parties

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