Tony Freedman has decided to use a combined journal for the Precision Computer Centre, beginning with February
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Assignment
Record the transactions listed below in the synoptic journal of the Precision Computer Centre; then post as necessary to the required ledger accounts and prepare a trial balance as of February 28:
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Feb. 3 Biled Vita Needle for services performed, invoice No. 12694, 4 7 11 14 14 14 $1,300, plus HST. Paid West Bell Canada the balance owed on the phone bill received in January, $110, plus HST, cheque No. 289. Received the utility bill for the month, $290, plus HST, due in 30 days. Collected balance in full from Taylor Golf, $900, plus HST, sales invoice No. 12690 Paid for advertising with West Bell Canada, $800, plus HST, cheque No. 290. Sold to Anthony Pitale goods worth $1,150, sales invoice No. 12695, terms 2/10, n/30, plus HST. Paid January electric bill, $282.50, cheque No. 291. 21 Paid insurance premium for the year beginning March 1, 2014 to Willow Agency, cheque No. 292, $1,846. (Dr. Prepaid Insurance) Collected $1,700, plus HST, on sale of goods for cash Paid Universal Sales for supplies, $286, plus HST, cheque No. 293. Paid Automated Payroll Service for wages and related costs for February, $6,109.00, cheque No. 294. 24 25 28
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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