Transactions Nov 7 Cash sales slips totalled $3295 plus $428.35 HST. Cash was deposited. Issued Sales...
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Transactions Nov 7 Cash sales slips totalled $3295 plus $428.35 HST. Cash was deposited. Issued Sales invoice 87-B to A. Michaels, terms 3/15, n/30, amount $2000, plus HST 8 Received bank credit memo for $215, interest oarned by the company 9 Received bank debit memo for $25, plus $3.25 HST, for the annual charge for a safety deposit box. Total $28.25 15 Received cheque from A. Michaels, $2056.40 for Invoice 87-B, less $63.60 discount. Cheque was deposited. Marka Breakdown Task 1-Journal Transactions Done Correctly (2 Marks Each) Task 1.1- Joumal Transactions Done Comectly (2 Marks Each) Mark out Task 1: Complete the journal entries for the transactions posted here. The Journal template has been created for you and is posted below along with the transactions, along with a list of account names for you to use. 14 Task Total /14 Journal - Page 30 Date 20 Accounts and Explanation PR Debit Credit Chart of Accounts 100 Cash 101 Pety Cash 102 Supplies 103 Accounts Recelvable - A. Michaels 200 HST Payable 201 HST Recoveratie 400 Sales 401 Interest Eamed 402 Sales Discount 500 Bank Service Charges s01 Delivery Expense 502 Postage Expense 603 Miscellaneous Expense Transactions Nov 7 Cash sales slips totalled $3295 plus $428.35 HST. Cash was deposited. Issued Sales invoice 87-B to A. Michaels, terms 3/15, n/30, amount $2000, plus HST 8 Received bank credit memo for $215, interest oarned by the company 9 Received bank debit memo for $25, plus $3.25 HST, for the annual charge for a safety deposit box. Total $28.25 15 Received cheque from A. Michaels, $2056.40 for Invoice 87-B, less $63.60 discount. Cheque was deposited. Marka Breakdown Task 1-Journal Transactions Done Correctly (2 Marks Each) Task 1.1- Joumal Transactions Done Comectly (2 Marks Each) Mark out Task 1: Complete the journal entries for the transactions posted here. The Journal template has been created for you and is posted below along with the transactions, along with a list of account names for you to use. 14 Task Total /14 Journal - Page 30 Date 20 Accounts and Explanation PR Debit Credit Chart of Accounts 100 Cash 101 Pety Cash 102 Supplies 103 Accounts Recelvable - A. Michaels 200 HST Payable 201 HST Recoveratie 400 Sales 401 Interest Eamed 402 Sales Discount 500 Bank Service Charges s01 Delivery Expense 502 Postage Expense 603 Miscellaneous Expense
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