Q30:The journal entry to record the transaction on Jan 15 is

Q31:The journal entry to record the transaction on Mar 1 is

Q32:The journal entry to record the transaction on Apr 1 is

Q33:The journal entry to record the transaction on Apr 15 is

Q34:The journal entry to record the transaction on Jun 1 is

Use the following information to answer questions 29-34. Countertops Inc has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Jan 1 Pre-tax cash sales were $50,000. HST is collected on all sales at a rate of 13%. Jan 15 Signed a three month note for $120,000 to extend amounts owing on account to Granite Inc. Interest is 6% annually and due at maturity. Mar 1 Received the annual property tax bill for $7,500 payable on June 1. Apr 1 Paid gross salaries of $20,000; of this amount $990 is CPP, $356 is El and $6930 is for income taxes. Apr 15 Paid the note due. Jun 1 Paid the property taxes bill in full. The journal entry to record the transaction on Jan 1 is