Wheelchairs is a business that sells various kinds of wheelchairs to wholesale and retail customers. Note:...
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Wheelchairs is a business that sells various kinds of wheelchairs to wholesale and retail customers. Note: The business is open 7 days a week. HST is 13%. Refer to Exercise 1-1b to unzip the 03 C3A-1 Wheelchairs.exe file. Open the C3A-1 Wheelchairs file, and enter the following Accounts Payable transactions. 2 Mar 1 Mar 1 Mar 4 Issued Purchase Order # 81 to Your Name Chairs (Your name must appear) for 8 new model wheelchairs, code WC-CP-3, at $1,500 each, plus HST. Ship date is Mar 4. Other information: 156 Octavia Street, Belleville, Ontario, K8P 1H3, phone and fax numbers may be left blank. Terms are 2% 10 days, net 30 days, calculate discounts before tax. Issued $2,250.00 plus HST cheque to Gordon Mall Management for lease rent for March. Received 7 wheelchairs, code WC-CP-3, from Your Name Chairs from PO#81. Invoice #4568 received. The other chair is back ordered and should be delivered by Mar 25. Mar 5 Returned 1 wheelchair from PO# 81, as there is a crack in the frame. Credit note CN-56 received by fax. Mar 6 Purchased and received from The Paper Place 2 boxes of invoices, that will be used during the year. Invoice # 2256 received for $300, plus HST, Terms 2/10, net 30. Mar 7 We discovered that % of the invoices (value $75.00) received on invoice #2256 were printed without logos. The Paper Place manager agreed to an allowance (2256Al) of $75.00, plus HST, which can be used to reduce the cost of the current order. Mar 13 Received Belleville Hydro bill # 1565-3 for $112.00, plus HST. Service bill dated Mar 12, and payment date is Mar 27. Mar 14 Issued next cheque to Your Name Chairs for amount owing, less the return. Mar 18 Purchased from Avery Parts, 6 items, code RP-01. Invoice # 8897 received in the total amount of $120.00, plus HST. Terms 2/10, net 30. Mar 20 Received a bank debit memo, dated today, regarding the loan payment of $400.00, which includes $67.00 of interest. 3 When you have recorded the above entries, print the following: a) Vendor Aged Detail, all vendors, with terms at Mar 20 b) All Journal Entries for Mar 1 to 20 Concal lournal End! unal Entries for Mar 1 to 20 e) Income Statement for Jan 1 to Mar 20 -Detail "/ 5221 Wheelchairs is a business that sells various kinds of wheelchairs to wholesale and retail customers. Note: The business is open 7 days a week. HST is 13%. Refer to Exercise 1-1b to unzip the 03 C3A-1 Wheelchairs.exe file. Open the C3A-1 Wheelchairs file, and enter the following Accounts Payable transactions. 2 Mar 1 Mar 1 Mar 4 Issued Purchase Order # 81 to Your Name Chairs (Your name must appear) for 8 new model wheelchairs, code WC-CP-3, at $1,500 each, plus HST. Ship date is Mar 4. Other information: 156 Octavia Street, Belleville, Ontario, K8P 1H3, phone and fax numbers may be left blank. Terms are 2% 10 days, net 30 days, calculate discounts before tax. Issued $2,250.00 plus HST cheque to Gordon Mall Management for lease rent for March. Received 7 wheelchairs, code WC-CP-3, from Your Name Chairs from PO#81. Invoice #4568 received. The other chair is back ordered and should be delivered by Mar 25. Mar 5 Returned 1 wheelchair from PO# 81, as there is a crack in the frame. Credit note CN-56 received by fax. Mar 6 Purchased and received from The Paper Place 2 boxes of invoices, that will be used during the year. Invoice # 2256 received for $300, plus HST, Terms 2/10, net 30. Mar 7 We discovered that % of the invoices (value $75.00) received on invoice #2256 were printed without logos. The Paper Place manager agreed to an allowance (2256Al) of $75.00, plus HST, which can be used to reduce the cost of the current order. Mar 13 Received Belleville Hydro bill # 1565-3 for $112.00, plus HST. Service bill dated Mar 12, and payment date is Mar 27. Mar 14 Issued next cheque to Your Name Chairs for amount owing, less the return. Mar 18 Purchased from Avery Parts, 6 items, code RP-01. Invoice # 8897 received in the total amount of $120.00, plus HST. Terms 2/10, net 30. Mar 20 Received a bank debit memo, dated today, regarding the loan payment of $400.00, which includes $67.00 of interest. 3 When you have recorded the above entries, print the following: a) Vendor Aged Detail, all vendors, with terms at Mar 20 b) All Journal Entries for Mar 1 to 20 Concal lournal End! unal Entries for Mar 1 to 20 e) Income Statement for Jan 1 to Mar 20 -Detail "/ 5221
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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