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

-The journal entry to record the accrual of the employee's portion of Canada Pension Plan (CPP) would include a
A)debit to CPP Payable of $1,330.
B)debit to CPP Expense of $1,330.
C)credit to Employee Benefits Expense of $1,330.
D)credit to CPP Payable of $1,330.

Question

Use the following information to answer questions 
The following totals for the month of April were taken from the payroll register of Branson Corp.:
 
-The journal entry to record the accrual of the employee's portion of Canada Pension Plan (CPP) would include a
A)debit to CPP Payable of $1,330. 
B)debit to CPP Expense of $1,330. 
C)credit to Employee Benefits Expense of $1,330. 
D)credit to CPP Payable of $1,330.

Quizplus · Accepted Answer

The accrual of the employee's portion of CPP involves recognizing a liability, which is recorded by crediting the CPP Payable account.

Use the Following Information to Answer Questions