Designer Architects had the following additional information at its November 30, 2017, year-end:

a. The Unearned Revenue account showed a balance of $76,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2017. b. The payroll register showed the following unpaid amounts as at November 30:

EI* Premium	Income Taxes*	CPP*	Total Deductions	Net Payable	Office Salaries	Sales Salaries
220.41**	1,430.00	323.98**	1,974.39	5,125.61	3,900.00	3,200.00

*These values are based on assumed payroll deductions. **The employer's portions of EI and CPP are 1.4 times and 1 times the employees' portion respectively. c. The November utility bill in the amount of $3,560.00 was unpaid and unrecorded at November 30.

Required: 1.Prepare the appropriate entries at year-end based on the above information: (Round the final answers to 2 decimal places.)

Analysis Component: 2.If the above entries are not recorded on November 30, 2017, what is the effect on the income statement and the balance sheet? (Enter all value as positive values. Round the final answers to 2 decimal places.)

Analysis Component: If the above entries are not recorded on November 30, 2017, what is the effect on the income statement and the balance sheet? (Enter all value as positive values. Round the final answers to 2 decimal places.) Amount Description Effect The income statement would be understated by On the balance sheet, liabilities would be overstated by On the balance sheet, equity would be understated by On the balance sheet, assets would be no effect