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3. 4. I Record journal entries for the transactions above. (Round answers to the nearest whole dollar, eg 5,275, Credit account titles are outomatically indented

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3. 4. I Record journal entries for the transactions above. (Round answers to the nearest whole dollar, eg 5,275, Credit account titles are outomatically indented when the amount is entered, Do not indent manually. List all debit entries before credit entries.) Sunland Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities: 1. Sunland's cash register showed the following totals at the end of the day on March 17:pre-tax sales \\( \\$ 54,000 \\), GST \\( \\$ 2,700 \\), and PST \\( \\$ 3,780 \\). 2. Sunland remitted \\( \\$ 49,000 \\) of sales taxes owing from March to the government on April 30 . 3. Sunland received its property tax bill for the calendar year for \\( \\$ 62,400 \\) on March 31, payable May 31. Sunland recorded no entries pertaining to property tax during the current year prior to the receipt of this bill. 4. Sunland paid its employees for the week of August 15 on August 20 . The gross pay was \\( \\$ 80,000 \\). The company deducted \\( \\$ 4,128 \\) for CPP, \\( \\$ 1,312 \\) for EI, \\$6,000 for pension, and \\( \\$ 16,020 \\) for income tax from the employees' pay. 5. Sunland recorded the employer portions of CPP and El for the week of August 15 on August 20 for \\( \\$ 4,128 \\) and \\( \\$ 1,837 \\). respectively. 6. On September 15, all amounts owing for employee income taxes, CPP, and El pertaining to the payroll transactions above. were paid. 7. On December 31, Sunland's legal counsel believes that the company will have to pay damages of \\( \\$ 44,000 \\) next year to a local utility company for failing to pay it on time during the current year. (Hint: This will affect the Utilities Expense account) (To record payroll and employee deductions) 5. (To record employee benefits) 6. 7

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