Fantastic Fashions has just completed its first quarter of operations. Assume that Fantastic Fashions adjusts its book quarterly. Below are transactions that have not yet been recorded.

Jan 1 Made cash sales of $75,000 before tax. HST is collected on all sales at a rate of 13%.

Jan 15 Signed a six 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 Apr 30.

Apr 1 Paid gross salaries of $10,000; of this amount $495 is CPP, $178 is EI and $3,465 is for income taxes.

Apr 30 Paid the property taxes bill in full.

The journal entry to record salaries on Apr 1 is

Question 51 options:

Salaries expense			10,000
	CPP Payable			495
	EI Payable			178
	Income Tax Payable			3,465
	Cash			5,862

Employee benefit expense			10,000
	CPP Payable			495
	EI Payable			178
	Income Tax Payable			3,465
	Cash			5,862

Salaries expense			14,138
	CPP Payable			495
	EI Payable			178
	Income Tax Payable			3,465
	Cash			10,000

Salaries expense			10,000
	CPP Payable			495
	EI Payable			178
	Income Tax Payable			3,465
	Salaries payable			5,862

None of the above