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Bismarck Publishing Corp. had the following transactions in March 2020. March 1st: Accepted $90,000 from a customer as a downpayment to begin publishing 80.000 textbooks,

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Bismarck Publishing Corp. had the following transactions in March 2020. March 1st: Accepted $90,000 from a customer as a downpayment to begin publishing 80.000 textbooks, Bismarck will perform this job over 3 months (March April May) March the sold 20 outdated text books for $1,000 to customers on the company website collecting a 64 sales tax. Bismarck pays sales tax at the end of every month March 15th: recorded salaries expense for the first half of the month. Employee salaries were $12.000. FICA IS 6.2 for social security and 1.45 for medicare. Withholding tax for the employees was 51.800. No employee has reached the FICA limit yet ignore FUTA and SUTA. The employees were paid on March 16th Instructions make all of the journal entries for Bismarck for March 2020 Hint there are 2 entries required for March 31st

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