last two pics are the same just had to show the last box Fantastic Fashions has just

last two pics are the same just had to show the last box

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Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Jan 1 Jan 15 Mar 1 Apr 1 Apr 15 Apr 29 Pre-tax cash sales amounted to $88,000. HST is collected on all sales at a rate of 13%. Signed a three month note for $16,000 to extend amounts owing on account to Bramble Taste Inc. Interest is 6% annually and due at maturity. Received the annual property tax bill for $12,900 payable on June 1. Paid salaries of $20,500; of this amour $1,070 is CPP, $324 is El and $7,140 is for income taxes (record the employer portion as well). Paid the note due. A customer sued Fantastic Fashions for $400,000. Legal counsel has advised that it is unlikely damages will be awarded. Jun 1 Paid the property taxes bill in full. Prepare the journal entries listed below. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round answers to O decimal places. e.g. 5,275.) Date Account Titles and Explanation Debit Credit Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Jan 1 Jan 15 Mar 1 Apr 1 Apr 15 Apr 29 Pre-tax cash sales amounted to $88,000. HST is collected on all sales at a rate of 13%. Signed a three month note for $16,000 to extend amounts owing on account to Bramble Taste Inc. Interest is 6% annually and due at maturity. Received the annual property tax bill for $12,900 payable on June 1. Paid salaries of $20,500; of this amour $1,070 is CPP, $324 is El and $7,140 is for income taxes (record the employer portion as well). Paid the note due. A customer sued Fantastic Fashions for $400,000. Legal counsel has advised that it is unlikely damages will be awarded. Jun 1 Paid the property taxes bill in full. Prepare the journal entries listed below. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round answers to O decimal places. e.g. 5,275.) Date Account Titles and Explanation Debit Credit