Challenge Exercise $02$ C$2$A$-1,$ Clocks

$($RECEIVABLES$,$ INVENTORY & SERVICES, and COMPANY Modules$)$

Clocks is a business that sells various type of clocks $($e$.$g$.,$ table, desk, grandfather$)$ and is open $7$ days a week.

You do NOT need to print sales invoices or receipts. Terms are varied for different customers. HST is $13\%.$

Refer to Exercise $1-1$ to unzip the $02$ C$2$A$-1$ Clocks.exe file.

Open the $02$ C$2$A$-1$ Clocks file, and enter the following Accounts Receivable transactions for May:

May $1$ Sold $10$ desk clocks, model #$256,$ code DC$-01$ at $$30\mathrm{.}00$ each, plus HST$,$ to Carney's Clocks. Invoice #$212$ issued with terms $\frac{2}{10},$ net $30.$

May $1$ Issued Sales Quote #$136$ to Your Name $($your actual name must appear$).$ Terms net $5$ days. Other information: $623$ Autumn Breeze Way, Mississauga, Ontario, L$5$B $9$P$2.$ Phone and fax numbers may be left blank. Credit limit $$2,500\mathrm{.}00$ for a grandfather model AC clock, code GF$-$AC$,$ at $$2,000\mathrm{.}00,$ plus HST$.$ Free delivery and setup of the clock. Your Name will return from a business trip on Friday, May $4$ and will advise about the quote on the clock. Ship date Tuesday, May $8.$

May $4$ Your Name accepted quote #$136$ and ordered the grandfather clock. The order was increased to include $2$ travel alarm clogks, code TC$-01,$ at $$35\mathrm{.}00$ each, plus HST$.$

May $5$ Issued invoice #$213$ for sale of one antique$-$style desk clock, code DC$-$AS for $$140\mathrm{.}00,$ plus HST$,$ to Cartton Shippers. Cheque #$258$ received. Early Payment Discount is granted for this customer with early payment credit terms on record.

May $8$ The grandfather and travel alarm clocks on Order #$136$ were delivered to Your Name and the grandfather clock was installed. Invoice #$214$ was left at the home.

May $9$ Issued sales order #$137$ to wholesale customer Sandy's Clock Town, for $10$ desk clocks model #$899,$ code DC$-03,$ at $$62\mathrm{.}50$ each, plus HST$.$ The clocks are scheduled to be shipped May $14.$ Terms are net $\frac{2}{10},$ net $30$ days.

May $10$ Your Name returned one of the travel alarm clocks, as it does not work. Your Name does not want a replacement. Credit hisher account.