$\backslash$ table $[[$ Bank overdraft,$ $24,645$

Bank overdraft Accounts payable CPP, EI and income tax payable Deferred revenues tne t0110Wlng current llat)llltjes IIStea on Its DOOKs: $24,645 119,250 9,140 12,720 During October 2024, Monty engaged in the following transactions: Oct 1 Oct 5 Oct 12 Oct 15 Oct 20 Oct 21 Oct 21 Oct 22 Oct 30 Oct 31 Negotiated a $53,000 line of credit with their bank to replace the bank overdraft. Sold goods worth $31,800 on which they had previously received a $12,720 deposit. The balance is due in 30 days. Bought $21,200 of inventory on credit, terms of 30 days. Paid amounts due the Government of Canada for the payroll amounts outstanding from September 30. Paid $92,220 owing to a supplier. Received $5,300 from a client for work that will be performed in January 2018. Sold $59,360 of goods, half for cash, half on credit. Made a $10,600 payment on the line of credit. Paid the monthly payroll amounts to employees. The gross payroll was $17,200. Amounts withheld from the employees' cheques were as follows: Canada pension plan premiums (CPP) Employment insurance premiums (EI) Income tax Declared $5,300 of dividends payable next year. $851 $275 $3,440 At this time, the company also recorded their liability for amounts due to the government for CPP and El.