please complete on the computer

Comprehensive Exercises The accounts required for this exercise are shown in the chart of accounts below ROYAL CITY ENGINEERING CHART OF ACCOUNTS 101 Bank 111 A/R - L. Pero 113 A/R - K. Puna 115 A/R - Spectrum Co. 117 A/R - W.J.Thomson 120 Supplies 125 Equipment 130 Automobiles 201 Bank Loan 211 A/P Imperial Garage 213A/P Home Hardware 220 GST Payable 225 GST Recoverable 230 PST Payable 301 Pat Schelling, Capital 302 Pat Schelling, Drawings 401 Service Revenue 505 Automobile Expense 510 Bank Charges Expense 515 General Expense 520 Rent Expense 525 Telephone Expense 530 Wages Expense 535 Loss on Sale of Equipment Pat Schelling began a business called Royal City Engineering. His beginning financial position is shown on the following balance sheet: ROYAL CITY ENGINEERING BALANCE SHEET AUGUST 31,20 Liabilities Bank Loan $20 000 Assets Bank Supplies Equipment Automobiles Total Assets $ 2 000 1450 14732 28 957 $47 139 Owner's Equity P.Schelling, Capital Total Liabilities and Equity 27 139 $47 139 A. Journalize the opening entry and post it in the accounts. B. Journalize and post the transactions for September given below In working out the accounting entries, assume that 1) for the purposes of this exercise, the business is exempt from PST for its purchases, and 2) the business charges both GST and PST on all sales. TRANSACTIONS September 1 Choque Copy To Rosewell Investments for the rent for the month $900,00 plus GST of $63.00, total $963.00 3 Purchase Invoice From Home Hardware for the purchase of supplies on account, $235.00 plus GST of $16.45, total $251.45, 6 Sales Invoice To W. J. Thomson for services rendered on account, $3 500.00 plus GST of $245.00 and PST of $280.00, total $4 025,00. MUMU 5 Sales Invoice To L. Pero for services rendered on account, $2 000.00 plus GST of $140.00 plus PST of $160.00, total $2 300.00 9 Cash Sales Slip Sold a piece of equipment for $500.00 cash (assume that this sale is not taxable). This piece of equipment had originally cost $1 200.00 and was included in the Equipment account at that figure. (Note: Although a sale has been made, this transaction does not affect the revenue account, which is used only for the normal revenue of the business.) 10 Sales Invoice To Spectrum Co. for services rendered on account, $800.00 plus GST of $56.00 and PST of $64.00, total $920.00. 11 Cheque Copy To the owner for personal use, $500.00. 12 Cheque Copy To Home Hardware on account, $251.45. a 15 Purchase Invoice Received from Imperial Garage for gasoline and oil used in the busi- ness automobiles, $342.00 plus GST of $23.94, total $365.94. 16 Cheque Copy Issued to the Marketplace for the cash purchase of supplies, $165.00 plus GST of $11.55, total $176.55. 18 Cash Receipt Received a cheque from W. J. Thomson, in full payment of the account balance. 18 Cheque Copy To the owner, reimbursement for out-of-pocket expenses: postage, $32.00 plus GST of $2.24; parking, $40 plus GST of $2.80, and gasoline and oil for business purposes, $78.00 plus GST of $5.46; total $160.50 19 Bank Debit Memo Received a memorandum from the bank stating that $250.00 had been deducted from the business bank account to pay for bank interest and charges. 19 Cheque Copy To an employee for wages, $575.00. 19 Sales Invoice To K. Puna for services rendered on account, $600.00 plus GST $42.00 and PST of $48.00, total $690.00. 22 Memorandum From the owner stating that the bank had acted on his instructions to reduce the bank loan by $2 000.00. 24 Cheque Copy To Bell Canada in payment of the telephone bill, $58.00 plus GST $4.06, total $62.06. 25 Cash Receipt Received a cheque from L. Pero on account, $1 000.00. 26 Sales Invoice To W. J. Thomson for services rendered on account, $400.00 plus GS of $28.00 and PST of $32.00, total $460.00. 26 Cheque Copy To the owner for personal use, $450.00. 29 Memorandum From the owner stating that 1) he had paid $190.00 plus GST of $13. total $203.30, out of his own pocket for supplies used for business pum poses, and 2) his Drawings account is to be credited for the above 30 Cheque Copy To an employee for wages, $570.00. 30 Cheque Copy To Imperial Garage, paying $365.94 on account. 30 Purchase Invoice From Imperial Garage, charging for gasoline and oil used in the com pany automobiles: $312.00 plus GST of $21.84, total $333.84