3) DAL Inc. uses the periodic inventory system. The following information relates to 2019: Question #1 1) At February 28, ABC Co. has gross pay of $50,000 for this pay period for its employees. Personal income tax is deducted at 25% of gross pay. CPP is 5.25% for both employer and employee. El is 1.58% for employee and employer pays 1.4 times employee amount. Union dues of $500 and gym health plan contributions of $300 (totals) are also deducted from employees. ABC paid the employees their net pay on February 28 and all other remittances will be made in March. Inventory $5,000 Sales revenue 52,000 Purchases 30.500 Purchase discounts 1,200 An inventory count at December 31, 2019 indicates that $3,350 of inventory remains at that close of business that day. Required: Calculate DAL Inc.'s cost of goods sold for 2019. Required: a) What is the net pay on Feb 28? b) Prepare the journal entrylies) on Feb 28 for ABC to record the Feb 28 payroll. 4) SSB Co. had the following balances in its Dec 31, 2019 unadjusted trial balance: 2) XYZ Co. in an HST registrant and started business on Feb 1, 2020. In February, they purchased $100,000 of inventory, had sales of $125,000, and purchased $30,000 of equipment. All purchases and sales were subject to 15% HST. Required: a) How much HST is owed/owing (refund) for February? b) Prepare the journal entries to record the transactions for February Accounts receivable 11,120 Dr. Allowance for doubtful accounts 600 Cr. The company notes the following additional information not reflected above: $200 of accounts receivable needs to be written off An analysis of the receivables aging indicates that the allowance for doubtful accounts should be $950 at Dec 31, 2019. Required: a) Prepare the adjusting entries needed at Dec 31, 2019 b) Calculate the Dec 31, 2019 adjusted i) Accounts receivable (gross) ii) Net realizable value of accounts receivable (net)