The following selected tranantis and events of Ashmore Ltd. Were completed during the accounting year just ended, 31 December 20Xs Terorten elect martes unless Indiented sid 10 On 1 June, the company borrowed $54,000 in cash from the bank on a comandants. The interest rate was to be paid on the anniversary date of the loan Merchandise was purchased on account: $20,000, one year 0% interest bearing note, dated 1 April 20X5, was given to the supplier interesi paid when the amount is due on 1 April 20x8 10 Merchandise was purchased on count two year $18,000,29 note dated 1 Pebruary 20X5 was given to the supplier Interest in due annually on 1 February The going interest rate for this term and risk was. Use the grow method to record the note payable A supplier delivered goods on account conting U$822,000. The exchange rate was US$ Ond$0.00 at the Ashmore haben cued by a customer for 150,000. Then toom confidently believes that there in a chance that Ashmore will comully defend tell New legislative requirements into force at the beginning of this year regarding environmental remediation. Ashmore botiever It will have to pay $20,000 12 in nine years time when the company vacatelesed promises. The going interest rate for this term and was Payroll records showed that the following amounts are unpold Gross W130000; Income tax 33.000, 156.100: CPP $5.500 Union Doon $3,600 10' The employer portion of it and OPP are recorded Remittances were income tax, 83135081810350, CPP 80,720; union do 01.450 Condividends declared but not yet paid were a 00 Acre appropriate Interest tomber and adjout the forte denominated payable to the year end rote, 08$! Cdo 19 Give the entry or entries for each of the above transactions and events, if needed. (if not needed, explain why) 1 Prepare a llet (tille and amount of the labbilities of Ashmore at 11 December 20X5 22 18 The following selected tranantis and events of Ashmore Ltd. Were completed during the accounting year just ended, 31 December 20Xs Terorten elect martes unless Indiented sid 10 On 1 June, the company borrowed $54,000 in cash from the bank on a comandants. The interest rate was to be paid on the anniversary date of the loan Merchandise was purchased on account: $20,000, one year 0% interest bearing note, dated 1 April 20X5, was given to the supplier interesi paid when the amount is due on 1 April 20x8 10 Merchandise was purchased on count two year $18,000,29 note dated 1 Pebruary 20X5 was given to the supplier Interest in due annually on 1 February The going interest rate for this term and risk was. Use the grow method to record the note payable A supplier delivered goods on account conting U$822,000. The exchange rate was US$ Ond$0.00 at the Ashmore haben cued by a customer for 150,000. Then toom confidently believes that there in a chance that Ashmore will comully defend tell New legislative requirements into force at the beginning of this year regarding environmental remediation. Ashmore botiever It will have to pay $20,000 12 in nine years time when the company vacatelesed promises. The going interest rate for this term and was Payroll records showed that the following amounts are unpold Gross W130000; Income tax 33.000, 156.100: CPP $5.500 Union Doon $3,600 10' The employer portion of it and OPP are recorded Remittances were income tax, 83135081810350, CPP 80,720; union do 01.450 Condividends declared but not yet paid were a 00 Acre appropriate Interest tomber and adjout the forte denominated payable to the year end rote, 08$! Cdo 19 Give the entry or entries for each of the above transactions and events, if needed. (if not needed, explain why) 1 Prepare a llet (tille and amount of the labbilities of Ashmore at 11 December 20X5 22 18