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 $69,000, 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 150 41 1,360 00 253 98 1,764 39 3,935 61 3,200 00 2,500 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 The November utility bill in the amount of $2,860 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 )

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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 $69,000, 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

150.41** 1,360.00 253.98** 1,764.39 3,935.61 3,200.00 2,500.00

*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.
The November utility bill in the amount of $2,860 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.)