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Question 1 [16 points] The following selected transactions relate to liabilities of Antique Accents for March 2015. Antique Accents's fiscal year ends on March 31.
Question 1 [16 points] The following selected transactions relate to liabilities of Antique Accents for March 2015. Antique Accents's fiscal year ends on March 31. Prepare the appropriate joumal entries for these transactions. Note that the sales revenues were exclusive of sales taxes. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). Please make sure your final answers) are accurate to 2 decimal places. a) On March 15, 2015, received $7,900 from Stiller Co. toward the purchase of a $83,000 truck to be delivered on May 6, 2016. Page G9 b) During March, received $26,000 of refundable deposits relating to containers used to transport equipment parts. Record the journal on March 31 ate PR Debit Credit ? c Du ng March, credit sales otaled 90 000. The provincial sales ax rate is 8 % and he goods and services tax rate S Record the journal on March 31 % hiss a s m ar u al entr or h man, nd id alsales an act onss or he nod
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