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.... 1- Aramco Company has salaries and wages expens for the month of April $515,000. Aramco Company deducted $13,300 income tax and $11,050 for health

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.... 1- Aramco Company has salaries and wages expens for the month of April $515,000. Aramco Company deducted $13,300 income tax and $11,050 for health insurance and $20,500 for pension fund.' Prepare the journal entry to record the salary and wa expenses assuming that company will pay the salary 5" of each month. 2- Roger company sold inventory for $20,000 cash A sales are subject to a 16% sales tax. Record this transaction. 3- Michigan University sells 400 basketball tickets a each, the game will be held next month. Give the entry to record (a) The sale of the season tickets. (b) The revenue recognized by playing the season basketball

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