Lesson 6 challenge exercise

Introduction This challenge exercise will test your understanding of entering daily transactions in the General Ledger, posting batches, and creating allocation batches. Instructions Continue with the data set created in Lesson 5. Use 01/31/2023 as the session date. Objectives Enter current year transactions Create a recurring entry Create a recurring entries batch Create an allocation batch Hand In Posting Journal for the batches created in Exercise 1 Posting Journal for the recurring entry batch Posting Journal for the allocation batch Exercises 1. Enter the following transactions in three separate batches for the month of January 2023. Batch 1 Use the Sales Journal Source Code for the following on-account sales transactions for the following customers: NOTE: HST is charged at 13 percent except for textbooks, which are charged at 5 percent Jan 05 J. Michel Invoice #5213 (for consulting) $2,300.00 HST 299.00 Jan 06 M. Carmichael Invoice #5214 (for consulting) 750.00 HST 97.50 Jan 07 C. Smith Invoice #5215 (for textbooks) 300.00 GST 15.00 Jan 10 B. Roland Invoice #5216 (for consulting) 675.00 HST 87.75 Batch Total $4,524.25