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 5 of each month. 2- Roger company sold inventory for $23,000 cash All sales are subject to a 16% sales tax. Record this transaction 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.

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 5 of each month. 2- Roger company sold inventory for $23,000 cash All sales are subject to a 16% sales tax. Record this transaction. 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