Question: send answer as soon as possible Question 2 Tim's gross payroll for the work week ending Feb 28 was $750,000. The company deducted $39,375 for

send answer as soon as possible Question 2 Tim's gross payroll

send answer as soon as possible

Question 2 Tim's gross payroll for the work week ending Feb 28 was $750,000. The company deducted $39,375 for CPP, $11,850 for El, and $90,000 for income tax from the employees' pay. Tim's payroll costs for the week were $39,375 for CPP and $16,590 for EI. Required Prepare the journal entries to record the above transactions. Explanations are not required. (9 marks) DATE ACCOUNT DEBIT CREDIT

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