Peter's Mini Putt was opened on March 1 by Peter Palazzi. The following selected transactions occurred during
Question:
Peter's Mini Putt was opened on March 1 by Peter Palazzi. The following selected transactions occurred during March:
Mar. 1 Purchased golf balls and other supplies for $350 from Stevenson Supplies payable in 30 days.
5 Received a booking for a birthday party to be held the following week. The customer paid the mini golf fees of $200 in advance.
10 Provided the golf services for the birthday party.
15 Wages were paid to hourly workers. A total of $5,000 was paid out, with withholdings as follows: CPP $230, EI $94, and income tax $1,400.
30 Wrote a cheque to Stevenson Supplies for the $350 owing to settle the balance due.
Instruction
Journalize the transactions.
Step by Step Answer:
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak