Kim Brown of Whitehorse has hired you as her bookkeeper to record the following transactions in the
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Kim Brown of Whitehorse has hired you as her bookkeeper to record the following transactions in the cash payments journal. She would like you to record and post as appropriate and supply her with a schedule of accounts payable as of May 31, 2022.
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2022 May 3 3 Paid half the amount owed Jerry Co. from previous purchases of computer merchandise on account, less a 5% purchases discount, cheque No. 22. Bought a delivery truck for $8,000 cash, plus GST, cheque No. 21, payable to Kyle Bauman Co. 28 31 7 17 Bought additional computer merchandise from Chane Co., cheque No. 24, $1,000, plus GST. 24 Paid Ryan Co. the amount owed less a 5% purchases discount, cheque No. 25. 27 Paid rent expense to Regan Realty Trust, cheque No. 26, $3,000, plus GST. Paid half the amount owed Evan Co., no discount, cheque No. 27. Paid utilities expense to County Utility, cheque No. 28, $425, plus GST. Bought computer merchandise from Chane Co. for $900 cash, plus GST, cheque No. 23.
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Date 2022 May 3 3 7 Chq No 21 22 23 17 24 24 25 27 26 28 27 31 28 31 Account Debited Delivery Truck Jerry Co Cash Purchase Cash Purchase Ryan Co Rent ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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