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On January 1 , 2 0 2 4 , Bramble Inc's general ledger contained these opening balances for its liability accounts: Account payable $ 5
On January Bramble Inc's general ledger contained these opening balances for its liability accounts: Account payable $ Sales tax payable $ CPP payable Employee Income tax payable EI payable The following selected transactions occurred during the month. Jan. Sold inventory for cash totalling $ plus GST and PST The cost of goods sold was $ Bramble uses a perpetual inventory system. Jan. Paid $ to the Government for amounts owing from the December payroll for the employee payroll deductions of $CPP $EI $ and employee income tax $ and employee benefits of $CPP $ and EI $ Jan. Borrowed $ from Evergreen Finance Ltd by issuing a note payable due in three months, interest is payable at maturity. Jan Provided services for customers who paid $ plus the applicable GST and PST Jan b Record any required adjusting entries at January The company records adjusting entries at the end of every month
On January Bramble Inc's general ledger contained these opening balances for its liability accounts:
Account payable $ Sales tax payable $
CPP payable Employee Income tax payable
EI payable
The following selected transactions occurred during the month.
Jan. Sold inventory for cash totalling $ plus GST and PST The cost of goods sold was $ Bramble uses a perpetual inventory system.
Jan. Paid $ to the Government for amounts owing from the December payroll for the employee payroll deductions of $CPP $EI $ and employee income tax $ and employee benefits of $CPP $ and EI $
Jan. Borrowed $ from Evergreen Finance Ltd by issuing a note payable due in three months, interest is payable at maturity.
Jan Provided services for customers who paid $ plus the applicable GST and PST
Jan
b Record any required adjusting entries at January The company records adjusting entries at the end of every month
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