Prepare the journal entries to record the transactions

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Question - In providing accounting services to small businesses, you encounter the following situations.

1. Crane 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 $250 and PST of $400.

2. Angela Corporation receives its annual property tax bill in the amount of $9,900 on May 31.

3. (i) During the month of March, Pina Colada Corporation's employees earned gross salaries of $60,400. Withholdings deducted from employee earnings related to these salaries were $3,150 for CPP, $1,175 for EI, $7,750 for income taxes. (ii) Pina Colada's employer portions were $3,150 for CPP and $1,645 for EI for the month.

Required - Prepare the journal entries to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

Reference no: EM133169014

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