How do I put this into a general journal? considering HST is 13%? 20 Made donation to
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20 Made donation to the Cancer Society, $500, by cheque (tax exempt). 20 Bought paint and supplies, $3,500 plus HST, from Rainbow Supplies on Invoice #49, terms 1/10, n/30. 24 Found damaged goods in the order from Rainbow Supplies, $300 plus HST. The company has issued a credit note to us (CN49). 30 Paid Rainbow Supplies for the balance owing on Invoice #49. We have taken advantage of the eligible discount based on the pre-tax value. 30 Cash sales for the month: paint and supplies, $12,400, and wallpaper, $4,600. Add HST as usual. 30 During the month, we gave refunds to cash customers for goods that were returned damaged or unwanted: paint and supplies, $420, and wallpaper, $160. Add HST as usual. (This company only uses one R & A account.) 31 Paid for delivery of goods to cash customers, $95 plus HST. 31 Henri Martin, one of the owners, withdrew company funds for personal use, $2,000. 31 Wes Corbett, the other owner, took wallpaper (merchandise) home for his own use, $330 plus HST. 20 Made donation to the Cancer Society, $500, by cheque (tax exempt). 20 Bought paint and supplies, $3,500 plus HST, from Rainbow Supplies on Invoice #49, terms 1/10, n/30. 24 Found damaged goods in the order from Rainbow Supplies, $300 plus HST. The company has issued a credit note to us (CN49). 30 Paid Rainbow Supplies for the balance owing on Invoice #49. We have taken advantage of the eligible discount based on the pre-tax value. 30 Cash sales for the month: paint and supplies, $12,400, and wallpaper, $4,600. Add HST as usual. 30 During the month, we gave refunds to cash customers for goods that were returned damaged or unwanted: paint and supplies, $420, and wallpaper, $160. Add HST as usual. (This company only uses one R & A account.) 31 Paid for delivery of goods to cash customers, $95 plus HST. 31 Henri Martin, one of the owners, withdrew company funds for personal use, $2,000. 31 Wes Corbett, the other owner, took wallpaper (merchandise) home for his own use, $330 plus HST.
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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