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Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Jan 1 Pre-tax cash sales amounted

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Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Jan 1 Pre-tax cash sales amounted to $88,000. HST is collected on all sales at a rate of 13% Jan 15 Signed a three month note for $16,000 to extend amounts owing on account to Bramble Taste inc interest is 6% annually and due at maturity. Mar 1 Received the annual property tax bill for $12,900 payable on June 1. Apr 1 Paid salaries of $20,500; of this amount $1,070 is CPP,$324 is El and $7,140 is for income taxes frecord the employer portion as well). Apr 15 Paid the note due. Apr 29 A customer sued Fantastic Fashions for $400,000. Legal counsel has advised that it is unlikely damages will be awarded. Jun 1 Paid the property taxes bill in full. Prepare the journal entries listed below. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round answers to 0 decimal ploces, eg. 5.275.) Question 4 of 10 5.36/20 Question 4 of 10 5.36/20 APr 1 Sataries Experse coppayable El Parable Cath (To record salaries expense) Aor15 iv Notes Payable Interest Expense Casti (To record employee benefits expense) Apr 29 Question 4 of 10 5.36/20 (To record employee benefits expense) Aor 29 Jun 1 Property Tax Payable Cash

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