Gaggle Ltd., which has a December 31 year end, had the following transactions in December 2020 and January 2021:

2020
Dec. 1		The company borrowed $602,000 from a bank on a seven-year loan payable. The terms of the loan stipulate that Gaggle must repay 1/7 of the principal every November 30 plus the interest accrued to that date. The loan bears interest at 3% per annum.
Dec. 31		Recorded employee wages for December. The wages earned by employees amounted to $5,000, and the company withheld CPP of $288, EI of $243, and income taxes of $2,100. Gaggles employer contributions were $288 for CPP and $340 for EI.
Dec. 31		Recorded the adjusting entry to record the interest incurred on the bank loan during December.
Dec. 31		Recorded the entry to reclassify the current portion of the bank loan.
2021
Jan. 3		Paid the wages recorded on December 31.
Jan. 17		Made the remittance to the government related to the December 31 payroll.

(NOTE: PLEASE CORRECT ME IF THE PRE- FILLED BOXES ARE WRONG)

Prepare all necessary journal entries related to the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Prepare all necessary journal entries related to the above transactions. (Credit account titles are automati entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date 2020 Account Titles and Explanation Debit Credit Dec. 1 # Cash 602000 602000 Dec. 31 Warranty Expense (To record wages payable) (To record employer's liabilities)