In providing accounting services to small businesses, you encounter the following situations.
Sheridan Corporation rings up cash sales and sales taxes separately on its cash register. On April the
register totals are pretax sales of sales $ plus GST of $ and PST of $
i During the month of March, Concord Corporation's employees earned and were paid gross salaries of
$ Withholdings deducted from employee earnings related to these salaries were $ for $
for EI $ for income taxes. ii Concord's employer portions were $ for CPP and $ for El for the
month.
Prepare the journal entries to record the above transactions. Credit account titles are automatically indented
when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the
account titles and enter for the amounts. List all debit entries before credit entries.
No Account Titles
