Gr 12 Less 8 Test Assignment (Total 42 Marks) Instructions: Write the answers beneath each question in Red Font. 1) Entries for Foreign Currency (Omit HST) (4 Marks) Sale of $200 US Exchange Rate on June 16 when sale was made is 1$US = 1.3 $Cdn At Dec. 31 year-end, the rate is 1 $US = 1.4 $Cdn Mal the entries in June and December. 2) Credit Card Transactions (HST 13% on Sales) (17 Marks) a) Marks Work Warehouse accepted payment of $3,000 from customers who paid with a Discovery Card (a non-bank credit card). The rate on Discovery is 2.5% b) Marks Work Warehouse accepted MC Sales of $1,000 from customers. Annual Rate on card is 2%. c) Discovery Card paid Mark's the amount owed in a) d) Mark's accepted payment of $800 from a customer, Ms. P. Johnson who used her Mark's Work Warehouse Credit Card. e) Marks accepted debit card payments from customers on 20 transactions worth $2,000. The rate is .50 per transaction. 3) Set Up Allowance for Doubtful Accounts (10) D Focus