Question: Current Attempt in Progress In providing accounting services to small businesses, you encounter the following situations, 1. 2. Grainger Corporation rings up cash sales and

 Current Attempt in Progress In providing accounting services to small businesses,
you encounter the following situations, 1. 2. Grainger Corporation rings up cash

Current Attempt in Progress In providing accounting services to small businesses, you encounter the following situations, 1. 2. Grainger Corporation rings up cash sales and sales taxes separately on its cash register. On April 10, the register totals are pre-tax sales of sales $5,000 plus GST of $300 and PST of $500, Darby Corporation receives its annual property tax bill in the amount of $9,300 on May 31. (1) During the month of March, Neufeld Corporation's employees earned gross salaries of $56,400. Withholdings deducted from employee earnings related to these salaries were $2,820 for CPP, $1,055 for El, $8,240 for income taxes, and $360 for unfondues. (1) Neufeld's payroll costs for the week were $2,820 for CPP and $1,477 for El. 3. Prepare the journal entries to record the above transactions. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. Round answers to decimal places, eg. 5,275.) Sr no. Account Titles and Explanation Debit Credit 1. Cash Sales 2 3 (1) Sr no. Account Titles and Explanation Debit Credit 1. Cash Sales I 2. 30). 3 (11)

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