partially wrong last time it was answred including the two 12,900 those are wrong rent Attempt in

partially wrong last time it was answred

including the two 12,900 those are wrong

Transcribed Image Text:

rent Attempt in Progress Your answer is partially correct. Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Jan 1 Jan 15 Mari 1 Apr 1 Apr 15 Apr 29 Jun 1 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 amount $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. Paid the property taxes bill in full. rent Attempt in Progress Your answer is partially correct. Fantastic Fashions has just completed its first quarter of operations. Below are transactions that have not yet been recorded. Jan 1 Jan 15 Mari 1 Apr 1 Apr 15 Apr 29 Jun 1 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 amount $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. Paid the property taxes bill in full.