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Grade 11 Accounting Problems!!!!! Quick please?


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 books

May 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.

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