If the cash register tape indicates cash sales were $4,000 and HST was $520, the journal entry to record this information is:

Cash	4,520
Sales		4,520

Cash	4,000
Sales		4,000

Cash	4,520
Sales		4,000
Sales Tax Payable		520

For the month of March, Joy Inc. recorded gross pay from which employee deductions were made. These deductions included

income tax, CPP, and salaries.

salaries, CPP, and employment insurance.

income tax, CPP, and employment insurance.

union dues, salaries, and CPP.

For the month of March, Joy Inc. recorded gross pay from which employee deductions were made. These deductions included

income tax, CPP, and salaries.

salaries, CPP, and employment insurance.

income tax, CPP, and employment insurance.

union dues, salaries, and CPP.

Legal capital

cannot be distributed to the shareholders, but must remain invested in the corporation.

can be distributed to shareholders.

does not need to remain invested in the corporation.

can be distributed to shareholders up to the limit of their investment.

For a corporation reporting under IFRS, when shares are issued for a noncash consideration and a ready market for the shares exists, they are recorded at

the average of the fair value of the shares and the fair value of the assets acquired.

zero.

the fair value of the shares.

the fair value of the assets acquired.