Sales 3.29 Services 1.10 1080 Bank Account: Chequing 421.3? 2300 Vacation Payable 22.40 2310 EI Payable 36.29 2320 CPP Payable 22.22 2330 Income Tax Payable 64.90 2390 BET Payable 5.49 2400 RESP Payable 25.00 2430 United Way Payable 20.00 2460 WSIB Payable 17.53 640.20 640.20 13. The journal entry above shows that a. the vacation pay is not allocated b. the vacation pay is retained c. the vacation pay has been paid {1. the vacation pay has not been calculated 14. Freight expenses a. carmot be allocated when they apply to purchases of assets if the asset accounts do not allow allocations b. are allocated in the same proportion as the other accounts used in the purchase are allocated separately from the other accounts used in the purchase can never be allocated 9-? 15. 1What reports are affected by the budgeting process income statements balance sheets customer sales summary reports . supplier purchases summary reports 9-5" ST?\" 16. Budget frequencies should be changed when you want to report income for a shorter period than the budget when you want to report income for a longer period than the budget when the business cycle changes . whenever you change budget amounts 9-5\" ET?" 1?. 1n the income statement reports, once budgets are set up budgeted amounts may be omitted 'om the reports actual amounts are always greater than the budgeted amounts actual amounts are always less than the budgeted amounts actual amounts are always given as a percentage of the budgeted amounts 9-.\" F"? 18. Automatic xed monthly payments such as auto lease= insurance premiums and mortgage can be recorded in the account reconciliation journal or in the general journal . must be recorded with a normal general journal entry should be recorded in the adjustments journal . should be recorded as cash payments because they involve withdrawals from the bank account 9'?\" aP