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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.
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