Please provide journal entries for the challenge exercise below.

Challenge Exercise $03$ C$3$B$-4,$ Chairs $-$ British Columbia

$(1)$ All sales to customers $($except Retail and credit card sales$)$ are with terms of $2/10,$ n$30.$

$(2)$ All vendor invoices are purchased with terms $2/10,$ n$30$ unless otherwise informed.

$(3)$ GST at $5\%$ and PST at $7\%$ is used on sales and purchases in this text and reflected in the

solutions. $($This rate, however, may have changed since publication date.$)$ When on the job be

sure to use the appropriate HST$,$ GST and PST rates.

$(4)$ PST on Retail Sales and Retail Purchases is $7\%.$

$(5)$ GST and PST are to be added where applicable.

$(6)$ Address information is not important.

$(7)$ New customers will be given a credit limit$,$ but no terms. Terms will be negotiated when future

sales are made.

The following transactions took place on the dates indicated.

Mar $1$ Issued cheque #$812$ for $$600\mathrm{.}00,$ plus GST$,$ to Square Mall Management for rent for March.

Mar $2$ Ordered on next Purchase order #$100,6$ wooden bar chairs $($WBC$-01)$ at $$80\mathrm{.}00$ each, plus GST$,$

from Wood Products of Canada, terms $2/10,$ net $30$ with delivery date of March $11.$

Mar $3$ Retail sale to new customer, Your Name $($first and last$)(1290$ MacKenzie Ave, Kamloops, British

Columbia, V$2$B $8$R$2),$ of two $(2)$ wooden footstools $($WFS$-01)$ at You can't use 'macro parameter character #$\text{'}$ in math mode

$1,000\mathrm{.}00$ credit limit$.$

Mar $5$ Purchased without a Purchase order, $1$ lot of various store supplies You can't use 'macro parameter character #$\text{'}$ in math mode

$200\mathrm{.}00$ deposit $(20\%)$ from new Retail customer

Lucy Banes $(1798$ Fortune Drive, Kamloops, British Columbia, V$2$B $7$Q$2)$ for a

$250\mathrm{.}00$ each, plus GST and PST$.$ Credit limit

$$1,500\mathrm{.}00.$ Sales order #$100$ was issued with an expected shipping date of Mar $28.$

Mar $6$ The manager advised you that she used the business Universal Credit card to purchase $$50\mathrm{.}00,$

plus GST and PST$,$ on invoice #$223$ for miscellaneous repair parts for store equipment from

Avery Parts. Charge $$Other Expenses$$ for this purchase.

Mar $8$ Paid $$825\mathrm{.}00$ to the owner, Harriet Patel, as a first draw for March.

Mar $11$ Four of the chairs ordered on PO #$100$ from March $2$nd arrived with invoice #$6896$ dated today,

with a note from the shipping department of Wood Products of Canada, that $2$ chairs are

backordered for $15$ days.

Mar $12$ Sold a used leather office chair $($OFC$-$Usd$)$ to the local senior citizens group $(6863$ Victoria

Street, Kamloops, British Columbia V$2$A $4$X$4)$ for

$200\mathrm{.}00.($Note: No

additional senior$$s discount allowed, as the chair was reduced in price.$)$

Mar $12$ Returned one of the chairs from Wood Products of Canada invoice #$6896.$ The seat part has

cracked and the chair cannot be used. The chair was accepted for return.

Mar $14$ Sent a cheque to Paper Place to pay for goods purchased on March $5$ invoice #$7512.$

Mar $15$ Cheque issued to pay the February HST amounts owing to the Receiver General $$ GST$.$

Mar $15$ Sold on next invoice to Grant Legal Services $(6568$ Summit Drive, Kamloops, British Columbia,

V$2$E $6$M$8)30$ stacking chairs $($SC$-02)$ at

$2,000\mathrm{.}00.$

Mar $15$ Received a

$300\mathrm{.}00$ loan payment was taken from our

account today. The

$46\mathrm{.}83.$