The following is the trial balance as at March 1, 2015 for Benoit Landscaping. Debit 6.500...
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The following is the trial balance as at March 1, 2015 for Benoit Landscaping. Debit 6.500 Bank Supplies Equipment Trucks Bank Loan M. Benoit, Capital The Chart of Accounts is as follows: 1001 Bank 1100 Accounts Receivable (all) 1120 Supplies 1300 1400 2100 2210 HST Payable 2220 HST Recoverable Equipment Trucks Accounts Payable (all) 2300 3001 3002 4002 5010 5020 5030 4900 25 464 37 914 74.778 Bank Loan M. Benoit, Capital M. Benoit, Drawings Landscaping Revenue Truck Maintenance Expense Bank Charges Rent Expense 1) Record the following transactions in the General Journal. HST is calculated at 13%. 2) Post the transactions in the General Journal to the T-account General Ledger. Transactions Credit 40 000 34.778 74 778 March HST=13x1500= 195 1. Cheque # 3067, paid monthly rent of $1 500 plus HST 2. Purchase Invoice # 1007 landscaping supplies on account from Landscape Design Supplies for $640 plus HST 3. Sales Invoice #601, M.P. Properties, $750 plus HST 4. Cash Sales Slip #2005, landscaping services, $1 250 plus HST 5. Sales Invoice #602, L. Holdings, $1 200 plus HST 6. Bank Debit Memo from the bank for service charges of $125 7. Cheque #3068, paid Landscape Design Supplies $300 on account 8. Cash Receipt # 2055, received $500 on account from M.P. Properties 9. $3000 monthly automatic payment on the bank loan is transferred from the bank account 10. Cash Receipt # 2056, received $1 000 on account from L. Holdings 11. Cheque #3069 to the owner for her personal use, $400 12. Purchase Invoice # 1008 from Fix-It Garage for truck repairs $220 plus HST The following is the trial balance as at March 1, 2015 for Benoit Landscaping. Debit 6.500 Bank Supplies Equipment Trucks Bank Loan M. Benoit, Capital The Chart of Accounts is as follows: 1001 Bank 1100 Accounts Receivable (all) 1120 Supplies 1300 1400 2100 2210 HST Payable 2220 HST Recoverable Equipment Trucks Accounts Payable (all) 2300 3001 3002 4002 5010 5020 5030 4900 25 464 37 914 74.778 Bank Loan M. Benoit, Capital M. Benoit, Drawings Landscaping Revenue Truck Maintenance Expense Bank Charges Rent Expense 1) Record the following transactions in the General Journal. HST is calculated at 13%. 2) Post the transactions in the General Journal to the T-account General Ledger. Transactions Credit 40 000 34.778 74 778 March HST=13x1500= 195 1. Cheque # 3067, paid monthly rent of $1 500 plus HST 2. Purchase Invoice # 1007 landscaping supplies on account from Landscape Design Supplies for $640 plus HST 3. Sales Invoice #601, M.P. Properties, $750 plus HST 4. Cash Sales Slip #2005, landscaping services, $1 250 plus HST 5. Sales Invoice #602, L. Holdings, $1 200 plus HST 6. Bank Debit Memo from the bank for service charges of $125 7. Cheque #3068, paid Landscape Design Supplies $300 on account 8. Cash Receipt # 2055, received $500 on account from M.P. Properties 9. $3000 monthly automatic payment on the bank loan is transferred from the bank account 10. Cash Receipt # 2056, received $1 000 on account from L. Holdings 11. Cheque #3069 to the owner for her personal use, $400 12. Purchase Invoice # 1008 from Fix-It Garage for truck repairs $220 plus HST
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GENERAL JOURNAL Rent payment Rent Expense 1500 HST Payable 1500 13 195 Landscaping supplies purchased from Landscape Design Supplies Supplies 640 Accounts Payable 640 640 13 72320 HST Payable 640 13 8... View the full answer
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Posted Date:
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