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Ac Farenholtz Ventures Ltd. had the following transactions to account for: Oct 18 Q4 Aco Oct 31 Qu ACCO Nov. 2 The company sold gift

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Ac Farenholtz Ventures Ltd. had the following transactions to account for: Oct 18 Q4 Aco Oct 31 Qu ACCO Nov. 2 The company sold gift cards totaling $2,300 to a corporate customer who was using them for an employee promotion, The company's tour employees earned total wages of $10,800 during the month. The source deductions on these wages were CPP of $535, El of $208 and income taxes of $2,160. The company's CPP premiums on these wages were $535, while the El premiums were $291. The company paid the wages recorded on October 314. Customers redeemed sift cards to pay for $2,100 in sales. Farenholtz's cost for the products sold was $885. The company cemitted the source deductions related to the October 31"payroll, The board of directors of Farenholte declared dividends of $2.00 per share on the company's common shares. There were 9,500 common shares issued at this date. The dividends are payable on December 15 The company paid the dividends declared on November 30 Que Acco Nov. 10 Nov. 15 View Accou Nov. 30 Ques ALT Dec. 15 Quest Actor Prepare journal entries for the above transactions. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Quest Accent Credit Debit Date Account and explanation Oct 18 Cash Questi Acco Prepare journal entries for the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Debit Credit Date Account and explanation Oct. 18 Cash Gift Card Liability Oct. 31 Wages Expense CPP Payable El Payable Employee Income Taxes Payable Wages Payable (To record wages payable) Oct. 31 CPP Payable El Payable Watce Pavle Oct. 31 CPP Payable El Payable Wages Payable (To record employer's liabilities) Oct. 31 Wages Payable Cash (To record Wages pald) Nov. 10 Gift Card Liability Sales Revenue (To record redemption of gift card) Cost of Goods Sold Inventory (To record cost for the product sold) Nov. 15 CPP Payable Inventory (To record cost for the product sold) Nov. 15 CPP Payable El Payable Employee Income Taxes Payable Cash Nov. 30 Dividends Declared Dividends Payable Dec. 15 Dividends Payable Cash

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