1 2 Aylmer Inc (Business Number 777889961) has been incorporated since Y3. 3 4 Important information: 5 Aylmer's business is located in a juristiction where the HST rate is 12%. 6 The following transactions took place from January 1 thru March 31 Y8: 7 Aylmer uses a periodic inventory system. Aylmer has 1,000,000 authorized common shares, 456,200 common shares issued and 321,300 common shares outstanding Aylmer can borrow money at 10%. Aylmer performs annual adjusting entries. CO 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 5-Jan Sold 15 units @ $32.00 on each, account, plus HST. 10-Jan Received a telephone bill for $134.43 (including HST). 26-Jan Received a utility invoice for $543.80 (including HST). 1-Feb Aylmer declared a cash dividend of $1.00 per common share to shareholders of record on March 10th. The dividend will be paid on April 2nd 3-Feb Sold 18 units @ $33.10 each, for cash, plus HST. 4 12-Feb Purchased 20 items for resale @ $12.66 each, on account. The price includes HST. 26-Feb Sold 8 units @ $34.20 each, account, plus HST. 6-Mar Purchased 15 items for resale @ $12.75 each, on account. The price includes HST. 10-Mar Aylmer signed a 1 year, non-interest (zero-interest) bearing note for $250,000 to Bad Bank. 15-Mar Received a utility invoice for $489.30 (including HST). 29-Mar Received the annual insurance invoice for $1,344 (including HST. 30-Mar Aylmer had 1 employee during March. The employee earned $10,000. The employee had the following deductions: EI $ 300