a.) Prepare any necessary journal entries to record the following independent transactions: Employees are paid on average $1,500 per day and work 7 days a week. The company's year end is October 31. The employees were last paid on October 28 for the two weeks ended on October 24. b.) Employees are paid on June 30 for the month ending June 30. Payroll data is as follows: Gross wages $87,000 Deductions taken from employee's pay cheques Income taxes 34,500 Employment insurance 5,400 Canada Pension Plan 3,900 The employer is required to remit the same amount of Canada Pension Plan contributions and 140% of the Employment Insurance Contributions. C. On July 9, the entity remits the income taxes, employment insurance and Canada Pension Plan from part (b) to the federal government. D. The entity makes a cash sale of $4,000 and charges 13% harmonized sales tax (HST). E. The entity makes a purchase of inventory on account of $3,400 and is charged 13% harmonized sales tax (HST). The entity uses a perpetual inventory system. F. At year-end the entity has a balance of 45,600 in the HST Payable account and a balance of $37,200 in the HST Receivable Account. The entity makes the annual HST payment to the federal government. G. A customer slipped on the sidewalk and broke her leg in November and is suing the company for damages in the amount of $2,000,000. Legal counsel is of the opinion that damages will be awarded and estimates that the amount awarded to the plaintiff will be between $500,000 and $1,000,000 with equal probability. H. The company provides a one year warranty for the their products and estimates the warranty expense to be equal to 2% of sales. The warranty liability at the beginning of the year was $125,000. Sales for the year were $5,500,000 and costs incurred to service warranties amounted to $98,000.