You are employed by Victoria’s Pet Shop Inc. a company specializing in sale of products and care for home pets.

• Read carefully each transaction
• Post accordingly to the appropriate journal: sales, purchases, cash receipts or disbursements in the appropriate Excel file.
• Post the transactions to the General Ledger
• Use the excel file: acct2generalledgerspeadsheet_V. name this file acct2exercise3generalledgerspreadsheet_yourname
• Post Customer’s transactions to Customer’s auxiliary General Ledger.
• Post the Supplier’s transactions to the Suppliers Auxiliary General Ledger
• Draw up the Trial Balance as of October 31^st 2019
• Complete the spreadsheet as of October 31^st 2019 (Income statement and Balance sheet)

TRANSACTIONS:

1. October1^st 2019: The owner Mrs Infantino invests $20 000.00 to open the company.
2. October 1^st: Purchase on credit of Office furniture at Bureau en Gros, invoice no. 14 Amount $5 600.00 plus taxes, Linear amortization, residual value $1 000.00 for 5 years, 2/15, n/30
3. October 1^st: Cash purchase of office supplies at Dollar Store, invoice no. 5 Amount $ 250.00 plus taxes.
4. October 1^st: Purchase on credit of stock of merchandise at supplier Pet supplies Inc. Amount before taxes $2 000.00, invoice no. 45, terms of payment: 3/10, n/30.
5. October 2^nd: Cash purchase of stock of merchandise at supplier ABC Enr. Amount before taxes is $500.00, invoice no 98.
6. October 3^rd: Bank of Montreal loan of $10 000.00 to purchase a delivery vehicle for the Victoria’s Pet Shop. Linear amortization, residual value $2 000.00, for 6 years

7. October 6^th: Credit sale of product to customer Sierra’s and Friends, invoice no 1. Amount before taxes of $5 000.00, 3/15, n/30
8. October 7^th: Cash sale of services to customer Mrs Leblanc, invoice no. 2 Amount before taxes $55.00
9. October 8^th: Recording Bell Canada invoice of month, $160.00 before tax, n/30
10. October 8^th: Recording Hydro Quebec invoice of month, $200.00 before tax, n/30
11. October 9^th: Received check of customer Sierra’s and Friends: pays invoice no. 1 taking the discount allowed.
12. October 10^th: Prepare the checks to pay Hydro Quebec and Bell Canada invoices of the month. Check no 2 and check no 3
13. October 10^th: Prepare the check to pay supplier Pet Supplies Inc. take the discount allowed. Check no 4

Answer rating: 100% (QA)

Victorias Pet Shop Inc Trial Balance 30092019 Particulars Closing Balance Debit Credit Capital Accou... View the full answer