Designer Architects had the following additional information at its November 30, 2023, year-end:a. The Unearned Revenue account showed a balance of $62,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2023.

b. Page 802The payroll register showed the following unpaid amounts as at November 30:

*These values are based on assumed payroll deductions. **The employer’s portions of EI and CPP are 1.4 times and 1 times the employees’ portion, respectively.c. The November utility bill in the amount of $2,160 was unpaid and unrecorded at November 30.

RequiredPrepare the appropriate entries at year-end based on the above information.

Analysis Component:If the above entries are not recorded on November 30, 2023, what is the effect on the income statement and the balance sheet? Identify which GAAP would be violated.

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EI* Premium Income Taxes* CPP* Total Deductions Net Payable Office Salaries Sales Salaries 80.41** 1,290.00 183.98** 1,554.39 2,745.61 2,500.00 1,800.00