Listen Question 8. The unadjusted trial balance for Mason Incorporated for the year ending August 31, 2013, is as follows: Mason Incorporated Trial Balance 31-Aug-20 Debit Credit Cash 45,000 Merchandise Inventory 15,000 Notes Receivable 1,800 Office Supplies 30,000 Equipment 320,000 Accumulated depreciation, equipment 14,500 Accounts payable 18,300 Salaries payable Brian White, Capital 20,000 Brian White, Withdrawals 3,500 Services Revenue 417,400 Interest Revenue 1,500 Salaries Expense 45,500 Supplies Expense 3,500 Insurance Expense 2,400 Depreciation Expense 5,000 TOTALS 471,700 471,700 REQUIRED: Prepare journal entries to record the year-end adjustments on August 31. EXPLANATIONS ARE REQUIRED. (1.5 marks each) MacBook Pro Insurance Expense Depreciation Expense TOTALS 2,400 5,000 471,700 471,700 REQUIRED: Prepare journal entries to record the year-end adjustments on August 31. EXPLANATIONS ARE REQUIRED. (1.5 marks each) A. Depreciation on equipment for the year is $500. B. Insurance coverage that has expired during the year is $1,500. C. A count of office supplies shows that there is $3,000 remaining. D. Wages of $5,000 have been earned by workers but not paid as of year end. E. A count revealed that only $14,000 of merchandise remains in the warehouse. Mason Incorporated uses a perpetual inventory system. F. Interest of $25 on the note receivable has accrued. MacBook Pro Listen Question 9. Vermilion Bookstores show the following information for the monthly payroll dated January 31, 2020. Income Taxes 362.80 37.05 Red Cross Total Net Office Sales CPP (medical) Deductions Pay Salaries Salaries 46.83 19.00 465.68 ?? 902.50 1,824.38 REQUIRED: NOTE: Explanations are NOT required for journal entries. A. Compute the net pay for January's payroll. (1 Mark) B. Prepare Vermilion's general journal entry to record the payroll expenses. (2 Marks) C. Prepare the general journal entry to record the employer's share of payroll expenses. (2 Marks) D. Prepare the general journal entry to pay the payroll. (3 Marks) E. Prepare the journal entry on February 15 to record the employer's payment to the Receiver General of Canada (CRA) and to Blue Cross (2 Marks) MacBook Pro