There should be 10 journal entries for part1

1. Record the cash sales

2.Record the salary expense and employees share of payroll taxes

3.Record the employees portion of payroll taxes

4.Record the inventory purchases

5.Record the cash sales

6.Record the sales to US customers on account

7.Record the part payment by US customer

8.Record the entry to remittance of GST owed

9.Record the payment of 60% of money owed on inventory purchase

10. Record the entry to adjust the changes in the exchange rate

GST payable CPP payable $66,200 (cr) 4,600 (cr.) Income tax d payable 18,360 (cr.) a. Cash sales for the period, S 1,060,000 plus 5% GST b. Monthly payroll, $134,000; less El, $4,600: CPP. $3,600; income tax, $13,600. The employer portion of payroll taxes was also recorded. ses on account, $1,660,000 plus 5% GST. d. Cash sales. S3260,000, plus 5% GST. e. Sales to U.S. customer on account, US$186,000. There was no GST on the sale. The U.S. dollar was worth Can$1.03 on this date. f. The U.S g. GST owing was h. 70 percent of the amount i. At the end of the month, the U.S. exchange rate was Cdn$1.08. paid US$162,000 on account, when the U.S. dollar was worth $1.09. The remaining amount will be paid in June. to suppliers in (c) was paid. account field.) Journal entry worksheet Record the cash sales. ction