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full answer pic Jan 1 Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded Pretax

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Jan 1 Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded Pretax cash sales amounted to $82,000. HST is collected on all sales at a rate of 13%. Signed a three month note for 514,800 to extend amounts owing on account to Culver Taste Inc. Interest is 6% annually and due at maturity Received the annual property tax bill for $11,100 payable on June 1 Paid salaries of $17.500 of this amount $905 is CPP: 5277 is El and 56,090 is for income taxes (record the employer Jan 15 Mar 1 Ape 1 portion as well Apr 15 Paid the note de A customer sued Fantastic Fashions for $340.000. Legal counsel has advised that it is unlikely damages will be Apr 29 awarded un 1 Paid the property w bal in full Prepare the journal entries listed below the entry is required, select "No entry for the accountities and enter for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem soll debit entries before credit entries Round answers to decimal place 56275) Date Account Titles and Explanation Debit Credit Jant Cash 92660 Sales 10000 Ses Tax Payable 1040 15 Account Pa 14000 No 100 TE 11160 Swem CW Question 2 of 7 3.05/4 TIN Apr1 Salaries Expense A 17500 CPP Payable 905 El Puyable 272 Provisions 6090 Cash 10228 (To record salaries expense) Apri Expen Cheve To record employee benefits opene Interest Expense 222 Cash 15022 Apr 29 No Entry No Entry Jun1 PT. Pava 11100 Ch 1100

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