1- Aramco Company has salaries and wages expenses for the month of April $555,000. Aramco Company deducted $31,300 income tax and $11,450 for health insurance and $21,505 for pension fund. `

Prepare the journal entry to record the salary and wages expenses assuming that company will pay the salary in 5th of each month. --------------------------------------------------------------------------------------- 2- Roger company sold inventory for $320,000 cash All sales are subject to a 16% sales tax. Record this transaction. ---------------------------------------------------------------------------------------- 3- Michigan University sells 420 basketball tickets at $8 each, the game will be held next month. Give the entry to record (a) The sale of the season tickets. (b) The revenue recognized by playing the season basketball