In providing accounting services to small businesses, you encounter the following situations. 1. 2. 3....
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Accounting
In providing accounting services to small businesses, you encounter the following situations. 1. 2. 3. Swifty 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 $5,100 plus GST of $255 and PST of $408. Melissa Corporation receives its annual property tax bill in the amount of $10,500 on May 31. During the month of March, Pronghorn Corporation's employees earned gross salaries of $59,700. Withholdings deducted from employee earnings related to these salaries were $3,070 for CPP,5964 for E1, 97,120 for income taxes. ) Pronghorn's employer portions were $3.070 for CPP and $1,350 for El for the month. 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 O decimal places, eg,5,275.)

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