Sheffield Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities 1. Sheffield's cash register showed the following totals at the end of the day on March 17: pre-tax sales $51,000,GST$2,550, and PST $3,570. 2. Sheffield remitted $49,000 of sales taxes owing from March to the government on April 30 . 3. Sheffield received its property tax bill for the calendar year for $66,000 on March 31, payable May 31. Sheffield recorded no entries pertaining to property tax during the currentyear prior to the receipt of this bill. 4. Sheffield paid its employees for the week of August 15 on August 20. The gross pay was $80,000. The company deducted $4,128 for CPP, $1,312 for EI, $6,200 for pension, and $16,020 for income tax from the employees' pay. 5. Sheffield recorded the employer portions of CPP and EI for the week of August 15 on August 20 for $4,128 and $1,837. respectively. 6. On September 15, all amounts owing for employee income taxes, CPP and El pertaining to the payroll transactions above were paid. 7. On December 31 , Sheffield's legal counsel believes that the company will have to pay damages of $44,000 next year to a local utility company for failing to pay it on time during the current year. (Hint: This willaffect the Utilities Expense account) Record journal entries for the transactions above. (Round answers to the neorest whole dollar, eg. 5, 275. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Uist all debit entries before credit entries.) 3. 4. I (To record payroll and employee deductions) (To record payroll and employee deductions) 5. (To record employee benefits) 6. 7. Sheffield Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities 1. Sheffield's cash register showed the following totals at the end of the day on March 17: pre-tax sales $51,000,GST$2,550, and PST $3,570. 2. Sheffield remitted $49,000 of sales taxes owing from March to the government on April 30 . 3. Sheffield received its property tax bill for the calendar year for $66,000 on March 31, payable May 31. Sheffield recorded no entries pertaining to property tax during the currentyear prior to the receipt of this bill. 4. Sheffield paid its employees for the week of August 15 on August 20. The gross pay was $80,000. The company deducted $4,128 for CPP, $1,312 for EI, $6,200 for pension, and $16,020 for income tax from the employees' pay. 5. Sheffield recorded the employer portions of CPP and EI for the week of August 15 on August 20 for $4,128 and $1,837. respectively. 6. On September 15, all amounts owing for employee income taxes, CPP and El pertaining to the payroll transactions above were paid. 7. On December 31 , Sheffield's legal counsel believes that the company will have to pay damages of $44,000 next year to a local utility company for failing to pay it on time during the current year. (Hint: This willaffect the Utilities Expense account) Record journal entries for the transactions above. (Round answers to the neorest whole dollar, eg. 5, 275. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Uist all debit entries before credit entries.) 3. 4. I (To record payroll and employee deductions) (To record payroll and employee deductions) 5. (To record employee benefits) 6. 7