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In providing accounting services to small businesses you encounter the following situation. 1. Grainger Corporation rings up cash sales and sales taxes separately on its
In providing accounting services to small businesses you encounter the following situation. 1. Grainger Corporation rings up cash sales and sales taxes separately on its cash reghter, On April 10, the reginter totals are pre-tax sales of sales $5,200 plus GST of $300 and PST of $400. 2. Darby Corporation receives its anmual property tax balt in the amount of $8,100 on May 31. 3. (1) During the month of March, Neuteld Corporation's employees earned gross salaries of $60,400, Withhilelirigs deducted from employee earnings related to these salaries were \$2,950 for CPP, \$1,068 for EI, \$7,780 for income takes, and $370 for union dues, (ia) Neufeld's payroll costs for the week were $2,950 for CPP and $1,495 for El. Prepare the journal entries to record the above transactions. (Credit occount lities are dutomatioaly indented when the aitpeunt is entered. Do not inderit monuali, Round onswers to O decimai ploces, es. 5,275
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