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Can anyone help me fill these Designer Architects had the following additional information at its November 30, 2020, year-end: a. The Unearned Revenue account showed
Can anyone help me fill these
Designer Architects had the following additional information at its November 30, 2020, year-end: a. The Unearned Revenue account showed a balance of $82,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2020. b. The payroll register showed the following unpaid amounts as at November 30: EI Premium 280.414 Income Taxes. 1,490.00 CPP. 393.98 Total Deductions 2,154.39 Net Payable 6,145.61 Office Salaries 4,500.00 Sales Salaries 3,800.00 *These values are based on assumed payroll deductions. **The employer's portions of El and CPP are 1.4 times and 1 times the employees' portion, respectively. c. The November utility bill in the amount of $4160 was unpaid and unrecorded at November 30. Required: Prepare the appropriate entries at year-end based on the above information: (Round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 4 Record the earned portion of unearned revenue. Note: Enter debits before credits General Journal Date Nov 30, 2020 Debit Credit Prev 5 of 5 Next c. The November utility bill in the amount of $4,160 was unpaid and unrecorded at November 30. Required: Prepare the appropriate entries at year-end based on the above information: (Round the final answers to 2 decim View transaction list x 1 Record the earned portion of unearned revenue. 2 Record the accrued payroll amounts. 3 Record the employer's portion of er and CPP. 4 Record the accrued utilities for November Credit Note 1 nal entry has been entered Record entry Clear entry View general Journal Step by Step Solution
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