Question

Designer Architects had the following additional information at its November 30, 2017 year-end: a. The Uneamed Revenue account showed a balance of $75,000, which represented four months of services paid in advance by a client for services beginning on October 15, 2017 b. The payroll register showed the following unpaid amounts as at November 30: Premium 210.41" Taxes" Taxes 1.420.00 CPP' Cpp 313.98 Der Total Net Deductions Payable .944 394,955 61 Office S alaries 3,800.00 Sales Salaries 3,100.00 1 *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 $3,460.00 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.)

There is no payroll taxes expense option，and please help me answer the whole question

Answer 1

Answer
Journal Entries
	Particulars	Debit	Credit
a	Unearned revenue	$         28,125	(75000*1.5/4)
	Service revenue		$         28,125
	(To record unerned revenue)
b	Office salaries expense	$           3,800
	Sales salaries expense	$           3,100
	Income tax payable		$      1,420.00
	EI premium payable		$         210.41
	CPP payable		$         313.98
	Salaries payable		$      4,955.61
	(To record accrued salaries & related taxes)
c	Payroll expense	$         608.55
	EI premium payable		$         294.57	(210.41*1.4)
	CPP payable		$         313.98
	(To record accrued payroll expenses)
d	Utilities expense	$           3,460
	Accounts payable		$           3,460
	(To record accrued utilities expenses payable)

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