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THMD Fashions has just completed its first quarter of operations. Below are transactions that we not yet been recorded. Prepare the journal entries listed below.

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THMD Fashions has just completed its first quarter of operations. Below are transactions that we not yet been recorded. Prepare the journal entries listed below. (12 mark) Jan 1 Pretax cash sales amounted to $75.000. HST is collected on all sales at a rate of 13 Jan 15 Signed a three month note for 512.000 to extend amounts owing on account to Trendy Taste Inc. Interest is 6% annually and due at matunity Mar 1 Received the annual property tax bill for $7.500 payable on June 1 Apr 1 Paid salaries of $10,000 of this amount $495 is CPP. 3178 E and $3.465 for income tives record the employer portion as well Apr 15 Paid the note due Apr 29 A customer sued Fantastic Fashions for $200.000. Legal counsel has advised that it is unlikely damages will be awarded Jun 1 Paid the property taxes bill in full. NOTE You are to complete the questions above on appropriate separate document(s). Acceptable formats include: word document, excel documents, documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or drag and drop the file(s) into the upload box at the bottom of this question box

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