Question
Exercise 10-6 Various liabilities LO2 Designer Architects had the following additional information at its November 30, 2020, year-end: The Unearned Revenue account showed a balance
Exercise 10-6 Various liabilities LO2
Designer Architects had the following additional information at its November 30, 2020, year-end:
- The Unearned Revenue account showed a balance of $72,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2020.
- 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 180.41** 1,390.00 283.98** 1,854.39 4,445.61 3,500.00 2,800.00 - The November utility bill in the amount of $3,160 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 decimal places.)Analysis Component:
If the above entries are not recorded on November 30, 2020, what is the effect on the income statement and the balance sheet? (Enter all value as positive values. Round intermediate and the final answers to 2 decimal places. Select "No effect" in case of no effect on Income statement and Balance sheet.)
question 2///
Paradise Hills Berry Farm has 22 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2018.
Gross Pay | EI Premium | Income Taxes | CPP | Medical Ins. | United Way |
68,950.00 | 1,144.57 | 9,509.00 | 3,266.43 | 1,225.00 | 1,394.00 |
Required: Prepare a journal entry to record the employers share of payroll deductions. (Round the final answers to 2 decimal places.)
question 3//
Exercise AI-9 Payment of payroll deductions LO3
Paradise Hills Berry Farm has 22 employees who are paid biweekly. The payroll register showed the following payroll deductions for the pay period ending March 23, 2018.
Gross Pay | EI Premium | Income Taxes | CPP | Medical Ins. | United Way |
79,950.00 | 1,327.17 | 11,027.00 | 3,810.93 | 1,500.00 | 1,669.00 |
Required: Prepare a journal entry to record payment by the employer to the Receiver General for Canada on April 15. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
please solve them all they have a short solution
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