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Data regarding Petrilla Corp. in March 20X9: Selected opening balances: GST payable CPP payable El...

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Accounting

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Data regarding Petrilla Corp. in March 20X9: Selected opening balances: GST payable CPP payable El payable Income tax deductions payable $62,800 (cr.) 3,900 (cr. 5,200 (cr.) 16,320 (cr.) a Cash sales for the period. $980,000 plus 5% GST b. Monthly payroll, $117,000, less EI, 53,800, CPP, $2,200, income tax, 512.200. The employer portion of payroll taxes was also recorded c. Inventory purchases on account. $1,520,000 plus 5% GST d. Cash sales $3,140,000. plus 5% GST e Sales to U.S. customer on account, US$176,000. There was no GST on the sale. The US dollar was worth Con$1.03 on this date. f The US customer paid US5140,000 on account, when the US dollar was worth $107. The remaining amount will be paid in June 9. GST owing was remitted n Sixty percent of the amount owing to suppliers in (c) was paid. 1. At the end of the month, the US exchange rate was con$1.06. Required: 1. Journalize all transactions listed above (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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