Exercise 1 Assume that in January 15, company A records showed that its one office employee and two sales employees had earned gross pay of $700. $900, and $650 respectively. Assume deductions for hospital insurance and union dues are $50 and $25 respectively. El Premium Income Taxes and CPP information are given below: Gross Pay EI Premium Income CPP Union Dues Total Deductions Net Pay Office Salaries Sales Salaries Hospital Insurance Taxes Gross pay Total Deductions (El premium-Income Taxes Hospital Insurance+CPP+Union Dues) 700 15 140 50 32 25 262 438 700 19 205 43 14 127 29 Total 1- Fill the blank spaces (Note: office salary employee information has been filled) 2- Use the information below to record January 15 Journal entries for both employee and employer For employers, El portion remitted to government = EI portion of employee * 1.4 For employers, CPP portion remitted to government = CPP portion of employee *1 Suppose company A remits the payroll payable to CRA on January 30 Record journal entries Exercise 2 Mills Inc completed the following transactions during 2016: Oct 31: Sold one-year subscriptions, collecting cash of $1,750, plus HST of 13%. Dec 31: Remitted (paid) HST to Canada Revenue Agency (CRA). Dec 31: Made the necessary adjustment at year-end. Journalize these transactions, and then report any liability on the company's balance sheet at December 31st