lia - 0 Transactions itet fi siat 1. Music For You Inc., a chain of music stores ordered $105,000 worth of CD players With its order, Music-For You Inc sent a cheque for $105,000. Suffolk Electronics will ship the goods on January 3 2020 2. The December payroll of $620,000 is subject to employee withheld income tax of 15 percent CPP expenses of 4.95 percent for the employee and 4 95 percent for the employer, El deductions of 1 66 percent for the employee and 1 4 times the employee rate of 1 66 percent for the employer On December 31, Suffolk Electronics pays employees but accrues all tax amounts. Employees have not reached CPP or El maximums 3. Sales of $31,000,000 are subject to estimated warranty cost of 1 percent. This was the first year the company provided a warranty, and no warranty claims have been recorded or paid. 4. On December 2, Suffolk Electronics signed a $85,000 note payable that requires annual payments of $17,000 plus 7 percent interest on the unpaid balance each December 2. Suffolk calculates interest on this note based on days, not months arn bloy est Print Done arn lov lia - 0 Transactions itet fi siat 1. Music For You Inc., a chain of music stores ordered $105,000 worth of CD players With its order, Music-For You Inc sent a cheque for $105,000. Suffolk Electronics will ship the goods on January 3 2020 2. The December payroll of $620,000 is subject to employee withheld income tax of 15 percent CPP expenses of 4.95 percent for the employee and 4 95 percent for the employer, El deductions of 1 66 percent for the employee and 1 4 times the employee rate of 1 66 percent for the employer On December 31, Suffolk Electronics pays employees but accrues all tax amounts. Employees have not reached CPP or El maximums 3. Sales of $31,000,000 are subject to estimated warranty cost of 1 percent. This was the first year the company provided a warranty, and no warranty claims have been recorded or paid. 4. On December 2, Suffolk Electronics signed a $85,000 note payable that requires annual payments of $17,000 plus 7 percent interest on the unpaid balance each December 2. Suffolk calculates interest on this note based on days, not months arn bloy est Print Done arn lov