- Avayal Properties coliected rent of \$13,430 on Mirch 1, 2020 from a tenant for a one-year lease. The company's year-end is December 31,2020 . Please record the journal entry on March 1, 2020 and December 31,2020 - Sarasota lnc. operates in a province, where in is subject to GST of 5 . in Mugst 2020, Sarasota purchased $32,000 of merchandise imentory, and had sales of \$41,500 on account. Sardasota wae s a penodic irimentory wystem- - At December 31, 2020, Sarasota inc, is involved in a lawsuit, Under existing sandarts in 1AS 37, prepare the December 31 entyy asuming it is probabie (and very tikety) that 5araiota mel be liable for $720,000 as a renult of this siti. - Monty Limited issued 1,990 conmon shares for 556,014 on September 30, 2020. Prepare Monty's journal entry if the shares have no par value. - At December 31, 2020, Shettield Corporation has a deferred tax asset of $345,000. Mter a careful review of all available evidence, it is determined that it is more likely than not that 571,500 of this deferted tax asset mall not be realized. Prepare the necesary fournal entry awuming that Sheffield does not une a valuation aliowane account - On September 30, 2020, Bramble ine. isued J,000 common shares foc land with a tair market value of $153,000. Required: complete the enclosed] AB Dole Account Tules and Explanation DDebit