Using March 31, 2003 as the journal entry date, enter the following items in the General Journal. Bank charges and interest $275.00 bank interest was automatically deducted from XY Consumer Products bank account this month. Employers Payroll Deductions Record XY Consumer Products share of CPP and EI deductions based on the payroll in Step 7. (Calculate for only the one week of salary.) Calculation Note: EI deductions are multiplied by 1.4 Payment on Bank Loan $2,500.00 from outstanding bank loans was automatically deducted from XY Consumer Products bank account this month.