COMPANY, RECEIVABLES, PAYABLES Modules

Mar

6

The manager advised you that she used the business Universal Credit card to purchase $50.00,

plus HST, on invoice #223 for miscellaneous repair parts for store equipment from Avery Parts.

Charge "Other Expenses" for this purchase.

Mar

8

Paid $825.00 to the owner, Harriet Patel, as a first draw for March.

Mar 11

Four of the chairs ordered on PO #100 from March 2 arrived with invoice #6896 dated today,

with a note from the shipping department of Wood Products of Canada that 2 chairs are

backordered for 15 days.

Mar 12

Sold a used leather office chair (OFC-Usd) to the local senior citizens group (863 Fairhill

Avenue, Brampton, Ontario, L7A 4X4) for $100.00, less a 10% discount, plus HST. The group

has been given 10 days to pay for the chair. Credit limit $200.00. (

Note

: No additional senior's

discount allowed, as the chair was reduced in price.)

Mar 12

Returned one of the chairs from Wood Products of Canada invoice #6896. The seat part has

cracked and the chair cannot be used.

The chair was accepted for return.

Mar 14

Sent a cheque to Paper Place to pay for goods purchased on March 5 invoice #7512.

Mar 15

Cheque issued to pay the February HST amounts owing to the Receiver General - HST.

Mar 15

Sold on next invoice to Grant Legal Services (568 Nuffield Street, Brampton, Ontario, L6S 6M8)

30 stacking chairs (SC-02) at $29.00 each, plus HST. Terms 2/10, net 30. Credit limit $2,000.00.

Mar 15

Received a $300.00 bank Debit Memo that the $300.00 loan payment was taken from our

account today. The $300.00 payment includes interest of $46.83.

4

Print

the following for the manager:

a)

Income Statement, Gross Margin - Standard, year-to-date

b)

All Journal Entries

c)

Customer Aged Detail, all customers, with terms at Mar 15

d)

Vendor Aged Detail, all vendors, with terms at Mar 15

e)

Pending Sales Orders Detail by Customer at Mar 28

f)

Pending Purchase Orders Detail by Vendor at Mar 25

g)

Inventory Summary