Juliana Limited has an October 31 year end. On October 1, 2020 Juliana had the following current liabilities listed on its books: Bank overdraft $23,250 Accounts payable 112,500 CPP, El and income tax payable 8,620 Unearned revenues 12,000 During October 2020 Juliana engaged in the following transactions: Oct 1 Negotiated a $50,000 line of credit with their bank to replace the bank overdraft. Oct 5 Sold goods worth $30,000 on which they had previously received a $12,000 deposit. The balance is due in 30 days. Oct 12 Bought $20,000 of inventory on credit, terms of 30 days. Oct 15 Paid amounts due the Government of Canada for the payroll amounts outstanding from September 30. Oct 20 Paid $87,000 owing to a supplier. Oct 21 Received $5,000 from a client for work that will be performed in January 2018 Oct 21 Sold $56,000 of goods half for cash, half on credit. Oct 22 Made a $10,000 payment on the line of credit. Oct 30 Paid the monthly payroll amounts to employees. The gross payroll was $16,200. Amounts withheld from the employees' cheques were as follows: Canada pension plan premiums (CPP) $802 Employment insurance premiums (EI) $259 Income tax $2,800 At this time, the company also recorded their liability for amounts due to the government for CPP and El. Oct 31 Declared $5,000 of dividends payable next year. Instructions Prepare all of the journal entries required as a result of the above transactions