As the new accountant for Abby's Toy House in Halifax, your task is to:
a. Journalize the transactions for the month of March.
b. Record in subsidiary ledgers and post to the general ledger as appropriate.
c. Total, rule, and cross-foot the journals.
d. Prepare a schedule of accounts receivable and a schedule of accounts payable as of March 31, 2013.
Please substitute HST at 13% for GST at 5% if your instructor so directs.
(Use the same chart of accounts as in Problem 10A-5. Your Study Guide with Working Papers has all the forms you need to complete this problem.)

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2013 March Abby invested $8,000 in the new toy store. Paid two months' rent in advance, cheque No. 1, $1,000 plus GST Purchased merchandise from Earl Miller Company, invoice No. 410, dated March 1, terms 2/10, n/30; $6,000, plus GST. Sold merchandise to Bill Burton on account, $1,600, plus GST. Invoice No. 1, terms 2/10, n/30. Sold merchandise to Jim Rex on account, $800, plus GST, invoice No. 2, terms 2/10, n/30 Purchased merchandise from Earl Miller Company, $800, plus GST. Invoice No. 415, dated March 7, terms 2/10 n/30. Sold merchandise to Bill Burton on account, $700, plus GST. Invoice No. 3, terms 2/10, n/30 Paid cleaning service, $400, plus GST, cheque No. 2 Jim Rex returned merchandise that cost $200 (plus GST) to Abby. Abby issued credit memorandum No. 1 to Jim Rex for $200, plus GST. Purchased merchandise from Minnie Katz, $7,000, plus GST Invoice No. 311, dated March 9, terms 1/15, n/60. Paid Earl Miller Co. invoice No. 410, dated March 1, cheque No. 3 Sold $1,500 (plus GST) worth of toy merchandise for cash. Paid salaries, $700, cheque No. 4. Returned merchandise to Minnie Katz in the amount of $500, plus GST. Abby issued debit memorandum No. 1 to Minnie Katz. Sold merchandise for cash, $4,800, plus GST. Received payment from Jim Rex for invoice No. 2 (less returned merchandise) less discount 1 1 1 4 6 7 9 9 10 10 11 13 15 15 15 15 Bill Burton paid invoice No. 1 Sold toy merchandise to Amy Rose on account, $6,000, plus GST. Invoice No. 4, terms 2/10, n/30. Purchased delivery truck on account from Sam Katz's Garage, $2,500, plus GST. Invoice No. 111, dated March 19 (no discount) Sold merchandise on account to Bill Burton, $2,000, plus GST. Invoice No. 5, terms 2/10, n/30. Paid Minnie Katz balance owed, cheque No. 5. Sold toy merchandise on account to Amy Rose, $2,000, plus GST. Invoice No. 6, terms 2/10, n/30. Purchased toy merchandise, $800, plus GST, cheque No. 6. Purchased toy merchandise from Woody Smith on account, $5,900, plus GST Invoice No. 211, dated March 26, terms 2/10, n/30. 18 18 19 21 22 22 26 26 26 Bill Burton paid invoice No. 5, dated March 21. 26 Amy Rose paid invoice No. 6, dated March 22. 27 Abby invested an additional $3,000 in the busines:s. 28 Purchased merchandise from Earl Miller Co., $4,200, plus GST. Invoice No. 436, dated March 26, terms 2/10, n/30. Paid Earl Miller Co. invoice No. 436, cheque No. 7. Sold merchandise to Bonnie Flow Company on account, $3,200, plus GST. Invoice No. 7, terms 2/10, n/30. 29 29