Question: what i need is part c QUESTION 1 (a) [4 MARKS) of On May 1, 2020 Dunlin Development Company borrows $300,000 from Merchants and Marine


QUESTION 1 (a) [4 MARKS) of On May 1, 2020 Dunlin Development Company borrows $300,000 from Merchants and Marine Bank by signing an 8-month, 8% note. estion REQUIRED: 1) Prepare the entry on May 1. (1 Mark] 2) Prepare the adjusting entry on May 31. [1 Mark) 3) Prepare the entry at maturity (January 1, 2021), assuming monthly adjusting entries have been made through December 31, 2020. [2 marks] QUESTION 1 (b) [2 MARKS] Living Colours does not segregate sales and sales taxes. Its register total for September 30, 2019 is 29,400, which includes a 5% sales tax. REQUIRED: Prepare the entry to record the sales transactions and related taxes. QUESTION 1 (c) [2 MARKS] Claire Communications publishes a monthly women magazine, Future Ladies. Subscriptions to the magazine cost $300 per year. During December 2020, Claire sells 1,800 subscriptions beginning with the January issue. REQUIRED: Prepare the adjusting entry at March 31, 2021, to record sales revenue recognized in the first quarter of 2021
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