(GST at 5% and PST at 8% [not cumulative] are involved in this problem.) Buzzy Sullivan opened a dry-cleaning store in Thunder Bay that also sold accessories. The chart of accounts and synoptic journal headings for Buzzy€™s Cleaning Company are given in Problem 11A-4. Here are the transactions for the month of January:

Your task is to journalize, record, post, and prove the synoptic journal for the cleaning company. See Problem 11A-4 for detailed requirements

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2012 Jan. Buzzy Sullivan invested $6,000 cash in the business. Paid for a five-year company insurance policy in advance $1,200, cheque No. 101 (no GST or PST) Purchased merchandise on account from Role Company $700, plus GST Cleaned shirts for cash, $950, plus GST and PST. Cleaned suits on account for Pete Daley, $500, plus GST and PST. Purchased cleaning equipment on account from Ral Co $600, plus GST Borrowed $4,000 from National Bank. 3 6 9 12 16 16 20 23 Cleaned shirts on account for P. Daley, $50, plus GST and 23 Received entire payment from P Daley, less a 2% discoun 26 Purchased merchandise on account from Fresh Air Co 26 Cleaned silk blouse on account for Alice Small, $20, plus 27 Paid Role Company the amount due (less a 2% discount) PST. from January 16 transaction $90 plus GST. GST and PST. because of merchandise that was purchased on January9, cheque No. 102. Returned $200 worth of cleaning equipment to Ral Company for faulty workmanship. (Remember the GST.) Paid Fresh Air Co. the amount due (less a 10% discount) on the purchases made on account on January 26, cheque No. 103. Cash sales, $700, plus GST and PST. 27 30 30