Question 3 View Policies Current Attempt in Progress --/9 Chen Wholesalers Ltd. incurred the following transactions related to current liabilities: 1. Chen's cash register showed the following totals at the end of the day on March 17: pre-tax sales $54,000; GST $2.700; and PST $3,780. 2. Chen received its property tax bill for the calendar year for $53.400 on May 1. payable July 1. 3. Chen's gross payroll for the week of August 15 was $83,400. The company deducted $4.260 for CPP $1.568 for El, $5,800 for pension, and $16,590 for income tax from the employees' pay. The employer portions of CPP and El for the week were $4.260 and $2.195 respectively. 4. On August 22, all amounts owing for employee income taxes, CPP, and El pertaining to the payroll in transaction 3 above were paid. 5. On October 1, Chen borrowed $130,000 from First Bank for a six-month period: 4% interest on the bank loan is payable on April 1. Record journal entries for the transactions above. (Round answers to the nearest whole dollar, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Credit Debit Date Account Titles and Explanation 10:41 AM Chapter 10 and 1 x learn.wileyplus.com/courses/38929/assignments/5520537/module itemid16896327 Date Account Titles and Explanation e Debit Credit July 1 (TV Feu payroll and employee deductions) (To record employee benefits) Aug. 22 List of Accounts