Plais and Camnanu lns ic anarina in far tha holiday season. The following REQUIRED: Use an accounting chart to analyze the above transactions, and then answer the following questions. ENTRY RULES: Numeric answers must be entered with digits only - no dollar signs, c. decimal points or pennies. How much interest does Santa pay on January 1 ? (2 marks) How much, in total, was the elves' gross pay on December 24? (2 marks) A How much will Santa pay the elves on December 24 ? (2 marks) A. How much does Santa pay to the Canada Revenue Agency on January 15, with respect to the elves' December payroll? (2 marks) A How does Santa record the December 1 transaction? (1 mark) A. increase both Cash and Accounts Payable B. increase both Cash and Owner's Equity C. increase both Cash and Interest Payable D. increase both Cash and Bank Loan Payable E. increase both Cash and Retained Earnings D. increase both Cash and Bank Loan Payable E. increase both Cash and Retained Earnings F. No entry is needed until the loan is paid. Enter the letter that corresponds to your choice. (A B C D E F) Which of the above items are events, not transactions, and require no entry? (1 mark) A. December 5 and 26 only B. December 5,26 , and 28 C. December 5,24 , and 26 D. December 5,24,26, and 28 E. December 24,26 , and 28 F. All of the items are transactions which require entries. Enter the letter that corresponds to your choice. (A B C D E F) How does Santa record the December 28 transaction? (1 mark)