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5 . Mark Mower paid Invoice Number 6 8 0 on March 2 6 . Enter the receipt on accountin the proper journal.Note: Be sure

5. Mark Mower paid Invoice Number 680 on March 26. Enter the receipt on accountin the proper journal.Note: Be sure to record the Sales Discount.6. Record the following employees salaries in the Payroll Journal and the PayrollLedger for the week ended March 7,2003.CheckNo. Employee Ee.No.GrossPay FIT PIT CPP EI HealthCareP825 Phil Arnett A001493.2425.7010.1521.0810.3612.00P826 Ken Rino A002553.0059.0522.2024.0411.6112.00P827 Jean Trickett A003488.0046.9017.5020.8210.2512.007. Post the journal entries from steps 1 through 6 to the subsidiary ledgers.8. Then, pay the employees on March 10,2003 from the Cash Disbursements Journal.9. Using March 31,2003 as the journal entry date, enter the following items in theGeneral Journal.Bank charges andinterest$275.00 bank interest was automatically deducted fromXY Consumer Products bank account this month.Employers PayrollDeductionsRecord XY Consumer Products share of CPP and EIdeductions based on the payroll in Step 7.(Calculate foronly the one week of salary.)Calculation Note: EI deductions are multiplied by 1.4Payment on BankLoan$2,500.00 from outstanding bank loans wasautomatically deducted from XY Consumer Productsbank account this month.10. Add and balance all the journals.11. Post the journals to the General Ledger (using March 31 as the entry date).Note: Only selected accounts from the ledgers are provided for you.12. Complete the Trial Balance as at March 31,2003 by filling in the shaded areas onthe Trial Balance in the Answer Sheets section and balance the Trial Balance.Please check your work carefully. If your Trial Balance does not balance, you have

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