philipw4654

there a four question below and the May 25/31 is the most important one!!(defind the debit and credit of each company)---(a)in the business's books---(b)in the trust company's booksMay 23 ---The trust company notified the business that $620 was deducted from the business's account for a $600 NSF cheque had been given to the business by V. Taraqal. The trust company had included a $20 service charge. The business passes such charges along to the issuer of hte cheque.May 24--The trust company issued a credit memo to the business, comfirming that a $43500 loan had been deposited in the business's account.May 25----The business deposited $5000 in mastercard sales drafts which includes provincial sales tax of 6% and the GST 7%. The pst is not levied on the Gst. The Mastercard discount rate is 2%.May 31----The trust company withdrew $450, including taxes as above, from the business's account as a rental fee for Mastercard imprint machines used by the business.Help

Stephanie2235

Is it too late to help?