Betty Cardinal runs Cardinal’s Book Shop in a downtown location. As her newly hired accountant, your task is to do the following (substituting HST at 13% for GST at 5% if your instructor so directs):
a. Journalize the transactions for the month of October.
b. Record to subsidiary ledgers and post to the general ledger as appropriate.
c. Total, rule, and cross-foot the journals. d. Prepare a schedule of accounts receivable and a schedule of accounts payable as of October 31, 2013. The following is the partial chart of accounts for Cardinal’s Book Shop: