In December 2014, Sydney Inc (Sydney) Had the Following Transactions

In December 2014, Sydney Inc (Sydney) had the following transactions and events related to their employees.Prepare the journal entries for each event.
A) The total payroll for the month, $175,000, was paid on the last working day of the year, December 30.The company withheld the following amounts from the employee paycheques: $5,250 for Canada Pension Plan (CPP), $2,600 for Employment Insurance (EI), $35,000 for income taxes.Sydney remits the withholdings on the tenth day of the following month.
B) Sydney has a defined-benefit pension plan for its senior executives.The estimated pension expense for the year was calculated in December at $32,000.The company made their required contribution of $12,500 on December 12.
C) Sydney has a defined contribution pension plan for all other full-time employees.Sydney contributes three percent of an employee's gross salary into the plan every month.Employees can make additional voluntary contributions.The portion of December's payroll applicable to full-time employees was $122,500.Contributions are made the last day of the month.
D) Salesmen are paid a bonus commission of five percent of sales above their annual sales targets.Sales above target for 2014 were estimated to be $1,600,000.The payments are made January 31 after the year-end sales numbers have been confirmed.