Use the following information to answer questions
The following totals for the month of April were taken from the payroll register of Yandeau Corp.:

-The journal entry to record the accrual of the employee's portion of Canada Pension Plan (CPP) would include a
A)credit to CPP Payable of $965.
B)debit to CPP Expense of $965.
C)credit to Employee Benefits Expense of $965.
D)debit to CPP Payable of $965.

Question

Use the following information to answer questions 
The following totals for the month of April were taken from the payroll register of Yandeau Corp.:
 
-The journal entry to record the accrual of the employee's portion of Canada Pension Plan (CPP) would include a
A)credit to CPP Payable of $965. 
B)debit to CPP Expense of $965. 
C)credit to Employee Benefits Expense of $965. 
D)debit to CPP Payable of $965.

Quizplus · Accepted Answer

The accrual of the employee's portion of CPP involves recognizing a liability, which is recorded as a credit to CPP Payable.

Use the Following Information to Answer Questions