Hendrie reported opening balances as at 1 June 20X8:
GST payable $43,500 (cr.)
Income tax deductions payable $2,800 (cr.)
CPP payable $2,000 (cr.)
EI payable $900 (cr.)
The company had the following transactions in June 20X8:
Collected $709,000 of GST on sales to customers.
Recorded the bimonthly payroll, which included CPP deductions of $3,000, EI deductions of $2,600, and income tax withheld of $21,500.
Recorded the second bimonthly payroll. The payroll included CPP deductions of $3,500, EI deductions of $3,000, and income tax withheld of $23,600.
Bought capital assets of $1,925,000, plus GST of 5%.
Recorded the employer portion of payroll expenses for the entire month.
Paid $533,500 GST to the Receiver General for Canada.
Required:
Calculate the balances in the four accounts listed above as at 30 June 20X8. There were no payments on account during the month.