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In providing accounting services to small businesses, you encounter the following situations. 1. Lily Corporation rings up cash sales and sales taxes separately on its

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In providing accounting services to small businesses, you encounter the following situations. 1. Lily Corporation rings up cash sales and sales taxes separately on its cash register. On April 10, the register totals are pre-tax sales of sales $4,600 plus GST of $230 and PST of $368. 2. Jennifer Corporation receives its annual property tax bill in the amount of $8,700 on May 31. 3. (i) During the month of March, Riverbed Corporation's employees earned gross salaries of $60,600. Withholdings deducted from employee earnings related to these salaries were $2,960 for CPP, $1,112 for EI, $7,900 for income taxes. (iii) Riverbed's employer portions were $2,960 for CPP and $1,557 for EI for the month. Prepare the journal entries to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to O decimal places, eg. 5,275.) Sr no. Account Titles and Explanation Debit Credit 1. 2. 3 (i). 3(ii)

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