Question: help me as soon as possible Exercise 10-6 Various liabilities LO2 Designer Architects had the following additional information at its November 30, 2020, year-end: a.
help me as soon as possible

Exercise 10-6 Various liabilities LO2 Designer Architects had the following additional information at its November 30, 2020, year-end: a. The Unearned Revenue account showed a balance of $78,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2020. b. The payroll register showed the following unpaid amounts as at November 30: EI* Income Total Net Office Sales Premium Taxes* CPP* Deductions Payable Salaries Salaries 240.41* * 1, 450.00 343. 98* * 2, 034. 39 5, 465.61 4, 100.00 3, 400.00 *These values are based on assumed payroll deductions. "The employer's portions of El and CPP are 1.4 times and 1 times the employees' portion, respectively. c. The November utility bill in the amount of $3,760 was unpaid and unrecorded at November 30. Required: Prepare the appropriate entries at year-end based on the above information: (Round the final answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
