Champion Rent-All, a business in Brandon Manitoba, rents out tools and equipment. The accounts for the...
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Champion Rent-All, a business in Brandon Manitoba, rents out tools and equipment. The accounts for the business are as follows: Bank AP - various AR-various Supplies Rental Tools and Equipment Truck 5 HST Payable HST Recoverable F. Mazur, capital F. Mazur, drawings 17 Cash Sales Slip No 409, to W. Franklin, $52.50 plus tax Charge Sales Slip ✓ Journalize the transactions given below in the general journal. Use p ✓ Calculate and add HST on all sales transactions October 2 4 No 410, to G. Fairbridge, $87.50 plus tax Purchase Invoice 8 Cheque Copy No 1475, to Fair Supply Company on account, $215.90 9 Cash Sales Slip 11 No 411, to R. Gullett, $115.10 plus tax Cash Receipt From P. Mathers on account, $402.20 Rental Revenue No 1477, to R. Klein for wages, $512 Cash Sales Slip From Vulcan Machinery, NO 3062 for on hydraulic jack, a rental tool, $315 plus HST No 412, to A. Heisse, $90.00 plus tax Bank Charges Expense Delivery Expense Utilities Expense Miscellaneous Expense Rent Expense 15 Cheque Copy No 1476, to Municipal Hydro, for cash payment of hydro bill, $172 plus HST Cheque Copy 17 18 Cheque Copy No 1478, to the owner, Frank Mazur, for his own use $350 22 Purchase Invoice 24 25 Cheque Copy Telephone Expense Wages Expense No 1479, to R. Klein for wages, $512 page 35. From Husky Oil Company, for gas and oil used in the delivery truck, $209 plus HST Bank Debit Memo For bank service charge, $42.50 Champion Rent-All, a business in Brandon Manitoba, rents out tools and equipment. The accounts for the business are as follows: Bank AP - various AR-various Supplies Rental Tools and Equipment Truck 5 HST Payable HST Recoverable F. Mazur, capital F. Mazur, drawings 17 Cash Sales Slip No 409, to W. Franklin, $52.50 plus tax Charge Sales Slip ✓ Journalize the transactions given below in the general journal. Use p ✓ Calculate and add HST on all sales transactions October 2 4 No 410, to G. Fairbridge, $87.50 plus tax Purchase Invoice 8 Cheque Copy No 1475, to Fair Supply Company on account, $215.90 9 Cash Sales Slip 11 No 411, to R. Gullett, $115.10 plus tax Cash Receipt From P. Mathers on account, $402.20 Rental Revenue No 1477, to R. Klein for wages, $512 Cash Sales Slip From Vulcan Machinery, NO 3062 for on hydraulic jack, a rental tool, $315 plus HST No 412, to A. Heisse, $90.00 plus tax Bank Charges Expense Delivery Expense Utilities Expense Miscellaneous Expense Rent Expense 15 Cheque Copy No 1476, to Municipal Hydro, for cash payment of hydro bill, $172 plus HST Cheque Copy 17 18 Cheque Copy No 1478, to the owner, Frank Mazur, for his own use $350 22 Purchase Invoice 24 25 Cheque Copy Telephone Expense Wages Expense No 1479, to R. Klein for wages, $512 page 35. From Husky Oil Company, for gas and oil used in the delivery truck, $209 plus HST Bank Debit Memo For bank service charge, $42.50
Expert Answer:
Answer rating: 100% (QA)
Answer Cash Sale Slip No 409 Received payment for rental tool Debit Cash or Bank Account Credit Rent... 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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