Twin-City Electronics is a business owned by J. Hudec. In a two-column general journal, record the...
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Twin-City Electronics is a business owned by J. Hudec. In a two-column general journal, record the accounting entries for the selected transactions below. Twin-City Electronics uses returns and allowances accounts. (HST is 13%) (24 marks, A) TRANSACTIONS Sales Invoice No. 14522, to KBM television, for the sale of merchandise, $353.00 + HST. June 4 5 9 11 12 17 23 30 Sales Invoice No. 14523, to R. Willis, for the sale of merchandise, $500.00+ HST. Credit Invoice issued No. 14524, to Court Street Clinic, regarding defective goods returned, $450.00 + HST. Cash Sales Slip No. 5602, to W. Yoller, cash sale of merchandise, $425.00 + HST. Credit Invoice received From Toshiba Corp., No. 7654, for defective merchandise returned, $2478.00 + HST. Purchase Invoice From Harry's Trucking, No. 442, for transportation charges on incoming merchandise, $256.00 + HST. Credit Invoice issued No. 14525, to Northland Maintenance, for return of defective merchandise, $575.00 + HST. Purchase Invoice From Imperial Supply, No. 1205, for merchandise for resale, $530.00 + HST and Supplies, $270.00 + HST. || Twin-City Electronics is a business owned by J. Hudec. In a two-column general journal, record the accounting entries for the selected transactions below. Twin-City Electronics uses returns and allowances accounts. (HST is 13%) (24 marks, A) TRANSACTIONS Sales Invoice No. 14522, to KBM television, for the sale of merchandise, $353.00 + HST. June 4 5 9 11 12 17 23 30 Sales Invoice No. 14523, to R. Willis, for the sale of merchandise, $500.00+ HST. Credit Invoice issued No. 14524, to Court Street Clinic, regarding defective goods returned, $450.00 + HST. Cash Sales Slip No. 5602, to W. Yoller, cash sale of merchandise, $425.00 + HST. Credit Invoice received From Toshiba Corp., No. 7654, for defective merchandise returned, $2478.00 + HST. Purchase Invoice From Harry's Trucking, No. 442, for transportation charges on incoming merchandise, $256.00 + HST. Credit Invoice issued No. 14525, to Northland Maintenance, for return of defective merchandise, $575.00 + HST. Purchase Invoice From Imperial Supply, No. 1205, for merchandise for resale, $530.00 + HST and Supplies, $270.00 + HST. ||
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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