Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Prepare the journal entries listed below. (12 marks) SHOW YOUR CALCULATIONS Jan 1 Pre-tax cash sales amounted to $75,000. HST is collected on all sales at a rate of 13% Jan 15 Signed a three month note for $12,000 to extend amounts owing on account to Trendy Taste Inc. Interest is 6% annually and due at maturity, Mar 1 Received the annual property tax bill for $7,500 payable on June 1. Apri Paid salaries of $10,000 of this amount $495 is CPP $178 is El and $3,465 is for income taxes (record the employer portion as well) Apr 15 Paid the note due. Apr 29 A customer sued Fantastic Fashions for $200,000. Legal counsel has advised that it is unlikely damages will be awarded. Jun 1 Paid the property taxes bill in full