Bailey's Gold Mines Inc. (BGMI) purchases a piece of land for the purpose of developing a gold mine. BGMI is legally required to remove all structures and convert the mine site to a wildlife sanctuary at the end of its estimated 10-year useful life. BGMI estimates that it will have to spend $11,000,000 to decommission the site and reclaim the land when operations cease. Assuming straight-line amortization and 5% discount rate, provide all relevant journal entries for the purchase and 2 years thereafter. Western Yard Equipment offers warranties on all their lawn mowers. They estimate warranty expense at 1.4% of sales. At the beginning of 2021, the estimated warranty payable account had a credit balance of $1,200. During 2021, Westem Yard Equipment had $485,000 of sales, and had to pay out $8.730 in warranty payments. Required: Prepare the required journal entries to record warranty expense and payments, for 2021. What is the balance of the warranty liability at the end of 2021? Be sure to indicate if the balance is a debit or a credit Jenny's Jewellery operates in B.C. and has December 31 year-end. During the month of December 2021, Jenny's Jewellery had the following transactions: Purchased materials used in the production of jewellery for $24,000; Bought equipment for $80,000, to be used over 5 years with no expected residual value; Paid salaries of $15,000 to 5 employees, net of required withholdings (5.45% CPP and 1.58%EI) -10% for taxes, accruing 4% for vacation; and Made sales of $55,000, 80% of which were on credit, with remainder in cash. The items sold cost $40,000. Required: Prepare ALL the required Journal Entries for December 2021, accounting for B.C. sales taxes and assuming that Jenny's Jewellery uses a perpetual inventory system. Assuming that Jenny's Jewellery remits all government items on the 15 of the month following the month of the transaction provide the associated Journal Entries for January 2022