Led Tasso Inc. (Led) is a sporting goods retailer. Record the following assorted

journal entries for the fiscal year-ended December 31, 2022.

a. Led made sales of $25,000 plus 13% HST on account. The items sold

had a cost of $18,000. Led uses a perpetual inventory system.

b. Led paid the amount owing to Supplier A for February. During February, Led purchased $2,700 from Supplier A on account. They already owed them $3,000 at for purchases made in an.

c. On March 31, Led issued 5,000 common shares for $4 per share.

d. On August 31, Led reacquired 15,000 common shares for $7.50 per share.

Prior to the share issue on March 31st (see (c) above), Led had 40,000 common

shares issued and outstanding with a total book value of $232,000.

e. Received $7,500 cash from a customer whose account had previously been written off as uncollectible.