Gargoyle Ltd., which has a December 31 year end, had the following transactions in December 2020 and January 2021:

2020
Dec. 1		Paid the first instalment on a five-year $7,000 bank loan. The terms of the loan stipulate that Gargoyle must repay 1/5 of the principal every December 1 plus the interest accrued to that date. The loan bears interest at 6% per annum and has been outstanding for 12 months.
Dec. 31		Recorded the 2% Garbucks granted to customers as part of a loyalty program to be used on future purchases. The Garbucks was granted on eligible purchases of $530,000. Management expects that 20% of the Garbucks awarded to customers will never be redeemed.
Dec. 31		Recorded employee wages for the last two days in December following the last payday. The wages earned by employees amounted to $2,400 per day and the company recorded CPP of $120, EI of $40, and income taxes of $600. Gargoyles employer contributions were $120 for CPP and $56 for EI.
Dec. 31		Recorded the adjusting entry to record the interest incurred on the bank loan during December.
Dec. 31		Recorded the entry to reclassify the current portion of the bank loan.
2021
Jan. 2		Paid the wages recorded on December 31.
Jan. 10		A customer used the loyalty program to make a purchase of $8,200. The cost of goods sold to the customer amounted to $3,300.
Jan. 17		Made the remittance to the government related to the December 31 payroll.

Prepare all necessary journal entries related to the above transactions. (Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
2020
Dec. 1
Jan. 2Jan. 10Jan. 17Dec. 1Dec. 31
	(To record sales)
Jan. 2Jan. 10Jan. 17Dec. 1Dec. 31
	(To record wages payable to employees)
	(To record employer's liabilities)
Jan. 2Jan. 10Jan. 17Dec. 1Dec. 31
	(To record interest)
	(To reclassify the current portion of the loan)
2021
Jan. 2Jan. 10Jan. 17Dec. 1Dec. 31
Jan. 2Jan. 10Jan. 17Dec. 1Dec. 31
	(To record sales)
	(To record cost of goods sold)
Jan. 17