1 and 4 are answered already

GST Payable PST Payable Sales Revenue 1. Roof Living sells outdoor furniture and accessories. It operates in a province which has a 7% PST and 5% GST. Roof Living charges PST and GST to customers, and pays PST and GST on most purchases, except for inventory. The company only pays GST on the purchase of inventory. The following transactions occurred during October 2020. Oct 2 Purchased inventory for $6,000 plus GST on account. Octs Sold inventory to a customer for $4.300 plus GST and PST on account. The inventory costs $3,225. Oct 12 Purchased $390 worth of office supplies, plus GST and PST in cash. suwane Oct 25 Sold inventory to a customer for $6,300 plus GST and PST for cash. The inventory costs $3,360. Oct 27 Received the total amount owing from the customer from Oct 5. VEC Oct 28 Paid the supplier from October 2 the amount owing. Oct 31 Prepared the PST remittance to the provincial government. Oct 31 Prepared the GST remittance to the federal government Oct 25 3380 Cost of Goods Sold Merchandise Inventory 3380 Cash Record the transactions for October 2020. Oct 27 Accounts Receivable Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. For transactions that have more than one debit or more than one credit, enter the accounts in alphabetical order. Accounts Payable Oct 28 Oct 2 Cash Accounts Payable Oct 31 PST Payable Cash Oct 5 Accounts Receivable GST Payable GST Payable Oct 31 PST Payable Sales Revenue GST remittance Oct 5 3225 Cost of Goods Sold Merchandise Inventory 3225 Oct 12 Cash Oct 25 Cash 2 On May 1, 2020, ACME Bank agreed to lend Bright Enterprises $93,333. To that effect, Bright signed a $93,333, 10-month, 9% per annum note. Bright Enterprises has a year-end of December 31. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. For transactions with more than one debit, enter the accounts in alphabetical order. Prepare the journal entry for Bright Enterprises: a) On the date the note was signed b) At year-end c) On March 1, 2021 when the note is repaid 3. On August 1, 2020, Express Inc. purchased a delivery truck from LBJ Trucks, costing $174,000. However, due to cash flow problems, Express Inc. is currently unable to make the payment. Therefore, to assure LBJ Trucks that it will be paid, Express Inc. signed a one-year note with 4% interest per annum, to be payable at maturity. Express Inc.'s year-end is on December 31. Prepare all the necessary journal entries related to the notes payable from the time it is signed to the maturity date. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. For transactions with more than one debit, enter the accounts in alphabetical order. Date Debit Credit Account Title and Explanation Delivery Truck Date Debit Credit 174000 Account Title and Explanation Cash Aug 1 Answer Answer 93333 May 1 Answer Answer Notes Payable 174000 Answer Anar Notes Payable 93333 Answer! Answer To record the purchase of delivery truck Interest Expense To record the note payable 2900 Dec 31 Ansvar Answer Interest Expense Dec 31 Answer Answer Interest Payable 2900 Answed Answer Interest Payable To record interest occred Answer Answer Interest Expense Jul 31 Anwar Answer! To record interest payable from note Interest Expense Interest Payable 2900 Mar 1 Answer! Answer Ansar Answer 174000 Interest Payable Notes Payable Ansar Answer Answer Answer Cash Notes Payable 93333 Answer Anwar Answer Answer To record the payment of not payable Cash Answer Answer To record repayment of note and additional interest 4. On May 1, 2020, Nase Company borrowed $1,024,000 from the local bank. The note is payable in equal installments over 8 years. b) How much of the note payable would be considered current on May 1, 2020? Round your answer to the nearest whole dollar. Current Portion: $Answer Jan 15 4. Saaddak. Company buys and sells home appliances and uses the perpetual inventory system. The company has a year-end of December 31. Assume 13% HST on all purchase and sale transactions. During 2020, the company had the following transactions. Purchased vacuum cleaners worth $68,000 from W Wholesalers, by signing a one-year, 4% note payable; interest is to be accrued on December 31 and paid at maturity plus principal. Sold vacuum cleaners for $48,000 cash, which includes a 3-year warranty Sierddak bought these vacuum Feb 4 cleaners for $28,800 Feb 4 Recorded $22,000 of estimated warranty liability for the year. Feb 15 Paid the full amount owing to W Wholesalers including accrued interest. May Received utilities bill for $4,400, to be paid exactly after 15 days (disregard HST for this transaction). Paid the utilities bill which was received on May 8. Received $61,020 cash (including $7,020 HST) for the sale of vacuum cleaners which cost the company $32,400. The delivery is to be made on August 31. Aug 31 Delivered the vacuum cleaners paid for on July 11. 8 May 23 Jul 11 Interest Expense Feb 15 Answer Answer Notes Payable 78840 Answer Answer Cash