JOURNAL ENTRIES REQUIRED - December 14 Issued cheque no. 419 in the amount of $1 070.00 to the Order of the Corpusculaire Regd for various maintenance services provided. This enterprise does not bill the GST and QST. According to the law an organization that has sales less than $30 000.00 per year is not required to charge sales tax but at the same cannot receive a tax refund for sales taxes paid. December 14 Issued cheque no. 420 to replace cheque no. 415 that was lost by Jules Poitras Regd. Indicate canceled in the cash disbursements journal and cross a line through cheque no. 415. December 14 Purchased $104.32 (tax included) of gasoline for the truck with our Petro-Canada credit card. The GST on this purchase is $6.41, the QST is 6.37. December 14 Received a bank statement listing all our transactions for the month of November. The bank debited $22.40 from our account for bank charges. December 17 Received merchandise ordered from Photolum Ltd. on December 12. December 17 Received a cheque of $48 000.00 from Omer Cantil, our stock broker, following the issuance of 5 000 shares of Le Mur du Son Ltd. at $10 a share. The broker took a $2 000 commission. Credit Common Stock for the net amount. December 18 Used our Petro-Canada credit card to pay for repairs to the truck. The total of the repairs amounted to $432.00 plus the appropriate taxes. December 19 Sonex Inc. declared dividends of $0.50 per share to all shareholders registered by December 26. We own 11 000 shares.