Note: For this transaction, the cheque is considered as payment: Note: The Cheque received is considered as
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Note: For this transaction, the cheque is considered as payment:
Note: The Cheque received is considered as the payment.
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1> Refer to Exercise 1-1b to unzip the 02 C2B-2 Skis.exe file. 2> Open the 02 C2B-2 Skis file and enter Receivable and General Ledger transactions for March for a company that sells skis and related sporting equipment. HST is 13%. Note: All sales are picked up in person; therefore, leave Shipped by field blank. Mar 2 Retail sale of 1 pair of Blanchard skis and bindings, code SB-103, $550.00 plus HST, to Miss Devon Cutronia. Received her Universal credit card for payment. Mar 3 Issued Sales Order #212 to Jordan's Sports Equipment for 10 Jock Snowboards, code JSB-050, at $500.00 each plus HST. Snowboards shipping date will be March 31, terms 2/10, net 30 days. (Note special price for long-time customer.) Mar 5 Owner Hong Duong invested an additional $5,000 in the business. Received a bank transfer receipt showing the money was put in the bank account today. Mar 5 Sold to Mr. Lopez a package containing 1 pair of used skis, bindings, and poles, code US-104, for $300.00 plus HST. The manager allowed a 10% senior's discount. Cheque #326 received. Mar 6 As a new customer, Your actual Last (Family) name Skiing Lodge (add any address) ordered and received 3 Norseman Snowboards, code NSB-045, at $510.00, and 3 ski goggles (glasses), code SG-02, at $60.00 each. All items plus HST. Credit limit $7,000 and terms 2/10, net 30. Mar 9 Your actual Last (Family) name Skiing Lodge returned 1 Norseman Snowboard, code NSB-045, ($510.00 plus HST) because it has a tiny crack in the middle. The board has not been used and the manager approved a credit to the account Mar 16 Sold one set of ski poles, code SP-03, to Mr. Obi for $56.00 plus HST. Received his cheque #985 in full payment. Mar 16 Received cheque #638 from Your actual Last (Family) name Skiing Lodge as payment on the goods ordered on the 6" and the retum on the 9". Mar 23 Bank advised that Mr. Obi's cheque #985 was returned NSF. Sent registered letter to Mr. Obi advising him of the returned cheque with a Handling Fee of $15.00. The mailing address was 689 Copton Court, Mountsberg, Ontario L9Z 2B8. Mar 26 Received a $13.10 bank debit memo for bank service charges to Mar. 23. Mar 31 Only 8 snowboards ordered by Jordan's Sports Equipment on the 3" arrived. The other 2 Jock Snowboards are to be delivered within 5 days. Called Jordan's and they agreed to accept the 8 boards received. Issued next sales invoice for this order, and the company picked up the boards. 3 > When you have recorded the above entries, print the following: a) Customer Aged Detail report as at Mar 31 b) All Journal Entries, for the monthly activity c) General Joumal Entries, for the monthly activity d) Income Statement for the year-to-date activity, for the Sales Manager. Hide appropriate information. e) Sales Joumal Entries ) Pending Sales Order Detail by Customer at March 31 1> Refer to Exercise 1-1b to unzip the 02 C2B-2 Skis.exe file. 2> Open the 02 C2B-2 Skis file and enter Receivable and General Ledger transactions for March for a company that sells skis and related sporting equipment. HST is 13%. Note: All sales are picked up in person; therefore, leave Shipped by field blank. Mar 2 Retail sale of 1 pair of Blanchard skis and bindings, code SB-103, $550.00 plus HST, to Miss Devon Cutronia. Received her Universal credit card for payment. Mar 3 Issued Sales Order #212 to Jordan's Sports Equipment for 10 Jock Snowboards, code JSB-050, at $500.00 each plus HST. Snowboards shipping date will be March 31, terms 2/10, net 30 days. (Note special price for long-time customer.) Mar 5 Owner Hong Duong invested an additional $5,000 in the business. Received a bank transfer receipt showing the money was put in the bank account today. Mar 5 Sold to Mr. Lopez a package containing 1 pair of used skis, bindings, and poles, code US-104, for $300.00 plus HST. The manager allowed a 10% senior's discount. Cheque #326 received. Mar 6 As a new customer, Your actual Last (Family) name Skiing Lodge (add any address) ordered and received 3 Norseman Snowboards, code NSB-045, at $510.00, and 3 ski goggles (glasses), code SG-02, at $60.00 each. All items plus HST. Credit limit $7,000 and terms 2/10, net 30. Mar 9 Your actual Last (Family) name Skiing Lodge returned 1 Norseman Snowboard, code NSB-045, ($510.00 plus HST) because it has a tiny crack in the middle. The board has not been used and the manager approved a credit to the account Mar 16 Sold one set of ski poles, code SP-03, to Mr. Obi for $56.00 plus HST. Received his cheque #985 in full payment. Mar 16 Received cheque #638 from Your actual Last (Family) name Skiing Lodge as payment on the goods ordered on the 6" and the retum on the 9". Mar 23 Bank advised that Mr. Obi's cheque #985 was returned NSF. Sent registered letter to Mr. Obi advising him of the returned cheque with a Handling Fee of $15.00. The mailing address was 689 Copton Court, Mountsberg, Ontario L9Z 2B8. Mar 26 Received a $13.10 bank debit memo for bank service charges to Mar. 23. Mar 31 Only 8 snowboards ordered by Jordan's Sports Equipment on the 3" arrived. The other 2 Jock Snowboards are to be delivered within 5 days. Called Jordan's and they agreed to accept the 8 boards received. Issued next sales invoice for this order, and the company picked up the boards. 3 > When you have recorded the above entries, print the following: a) Customer Aged Detail report as at Mar 31 b) All Journal Entries, for the monthly activity c) General Joumal Entries, for the monthly activity d) Income Statement for the year-to-date activity, for the Sales Manager. Hide appropriate information. e) Sales Joumal Entries ) Pending Sales Order Detail by Customer at March 31
Expert Answer:
Answer rating: 100% (QA)
March 2 Bank Dr 6215 To Sale Cr 550 To HST Payable Cr 715 Sale to 1 Pair March 5 Bank Dr 5000 To Cap... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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