Chuck's Landscaping Ltd. (CLL) had the following transactions involving current liabilities in its first year of operations: 1. CLL signs contracts with customers and requests 50% of the contract price as a deposit at the time of signing. CLL had three contracts totalling $190,000 in which the work had not started. 2. CLL has five employees, who earn gross wages of $365,000 for the year. From this, the company deducted 20% for income taxes, $18,068 in CPP premiums, and $5,950 in El premiums before distributing the cheques to the staff. As an employer, CLL was also required to match the employees' CPP premiums and pay $8,330 in El premiums. CLL had fallen behind in making payments owing to the government. The last two months of the year were still outstanding (that is, 2/12). 3. CLL ordered sod from one supplier during the year. The supplier provided credit to CLL, and at the end of the year CLL owed $48,500 on total purchases of $352,000. 4. CLL also sells gift cards that can be used to buy plants at the company's greenhouse. During the year, the company sold $53,000 in gift cards. Prepare journal entries to record the transactions. (Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round answers to decimal places, e.g. 14,674.) No. Account and explanation Debit Credit 1. 2. (To record wages payable to employees) (To record employer's liabilities) (To record payment to the government) 3. (To record purchase) (To record payment) 4. e Textbook and Media List of Accounts Prepare the current liabilities section of the statement of financial position as it would appear at the end of the year. (Round answers to decimal places, e.g. 14,674.) Current Liabilities: > $