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Exercise 10-6 Various liabilities LO2 Designer Architects had the following additional information at its November 30, 2017. year-end: a. The Unearned Revenue account showed a
Exercise 10-6 Various liabilities LO2 Designer Architects had the following additional information at its November 30, 2017. year-end: a. 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, 2017 b. The payroll register showed the following unpaid amounts as at November 30: EI* Premium 150.41** Income Taxes 1.360.00 CPP* 253.98** Total Net Office Deductions Payable Salaries 1.764.393,935.613,200.00 Sales Salaries 2,500.00 "These values are based on assumed payroll deductions. **The employer's portions of El and CPP are 1.4 times and 1 times the employees' portion respectively. c. The November utility bill in the amount of $2,860.00 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.) View transaction list Journal entry worksheet
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