00 M $504.000 PP withheld El withheld Canada Savings Bonds Group insurance 22.216 7.560 11.088 9.072 $138.640 Instructions Amherst Equipment Co.'s employees are paid on the Friday of every week and work a five-day workweek. Journalize the following entries: 1. December 26, to record the payroll.
2. December 26, to record the employer's payroll expenses.
3. December 31, to accrue for pay to the company's year-end of December 31. (Assume the December 26 payroll amounts represent a typical payroll amount.) 4. December 31, to accrue for the employer's payroll expenses up to the year-end. 5. January 2, to record the payroll for the week, using the same numbers for the week ended December 26. 6. January 2, to record the employer's payroll deduction liability, 7. January 15, to remit source deductions for the payroll for December (assume four pays equal to the December 26 pay).