Question

Brief Exercise 13-15

Pronghorn Inc.’s weekly payroll of $23,000 included employee income taxes withheld of $3,333, Canada Pension Plan (CPP) withheld of $990, and Employment Insurance (EI) withheld of $460.

Prepare the journal entry to record Pronghorn’s weekly payroll. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answer 1

_ A DE 1 2 Date ate Credit ($) Debit ($) $ 23,000 mtinom B Journal Entries Account Titles Salaries Expense Income Taxes Payable Canada Pension Plan Payable Employee Insurance Payable Salaries Payable |(To record the weekly payroll) $ $ $ $ 3,333 990 460 18,217

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