1- Aramco Company has salaries and wages expenses for the month of April $50,000. Aramco Company deducted $3,200 income tax and $1,400 for health insurance and $2,500 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.

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2- Roger company sold inventory for $23,000 cash All sales are subject to a 16% sales tax.

Record this transaction.

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3- Michigan University sells 4,000 basketball tickets at $10 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.