Record various liabilities

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Question 1: Record various liabilities.

Peter‘s Mini Putt was opened on March 1 by Peter Palazzi. The following selected transactions occurred during March:

Point 1: Mar. 1 Purchased golfballs and other supplies for $350 from Stevenson Supplies payable in 30 days. 5 Received a booking for a birthday party to be held the following week. The customer paid the mini golf fees of $200 in advance.

Point 2: 12 Provided the golf services for the birthday party.

Point 3: 15 Wages were paid to hourly workers. Atotal of $5,000 was paid out, with withholdings as follows: CPP $230, EI $94, and income tax $1,400.

Point 4: 30 Wrote a cheque to Stevenson Supplies for the $350 owing to settle the balance due. Instructions

Question 2: Journalize the transactions.

Reference no: EM132479571

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