1. The following sales on account occurred in March, 2003. Enter this information in the correct journal. XY Consumer Products 687 Nottingham Park Drive London, ON N6A 4V8 Customer No. GH0468 Ship To: same Invoice No. 678 Sold To: Gerald Hemmings 45 Conway Drive Mount Bridges, ON NOL 150 Date: March 11, 2003 Ship Via: UPS F.O.B. Terms: 2/10 n/30 Ordered Shipped Description 3 3 Pentium Notebooks Unit Price $5,000.00 Amount $ 15,000.00 Subtotal PST GST Total $ 15,000.00 1,200.00 1,050.00 $ 17,250.00 BN 12123 4698 RT XY Consumer Products 687 Nottingham Park Drive London, ON N6A 4V8 Customer No. FM4568 Ship To: same Invoice No. 679 Sold To: Fred Milsom 321 Laurentian Cres, Sarnia, ON N7S 4W4 Date: March 12, 2003 Ship Via: Purolator F.O.B. Terms: 2/10 n/30 Ordered Shipped Description 1 1 UJE Computer Unit Price $1,380.00 Amount $ 1,380.00 Subtotal PST GST Total $ 1,380.00 110.40 96.60 $ 1,587.00 BN 12123 4698 RT XY Consumer Products 687 Nottingham Park Drive London, ON N6A 4V8 Customer No. MM0567 Ship To: same Invoice No. 680 Sold To: Mark Mower 67 Dundas Street London, ON N6H 3Y8 Date: March 17, 2003 Ship Via: Pick up Terms: 2/10 n/30 Ordered Shipped Description 2 2 Cabinet - small Unit Price $ 159.00 Amount $318.00 Subtotal PST GST Total $318.00 25.44 22.26 $365.70 BN 12123 4698 RT 2. The following purchases on account were made during March, 2003. Enter this information in the proper journal. Note: The first invoice is for the purchase of office supplies. The second invoice is for products that will be resold by XY Consumer Products and therefore are PST exempr. Vendor numbers are listed in Step 3. XOffice Products Inc. 740 Chestnut Street London, ON N6A 5C7 SOLD TO: XY Consumer Products 687 Nottingham Park Drive London, ON N6A 4V8 Date: 03/04/03 BN 18795 4568 RT Invoice No. PO 99-29 Customer No. 6789-2 Terms 2/10 n/30 DATE QTY Mar. 03 ITEMS Office Supplies PRICE $ 2,297.54 SUBTOTAL TOTAL $ 2,297.54 $ 2,297.54 PST 183.80 GST TOTAL 160.83 $ 2,642.17 Johnston Computer Supplies 444 Oxford Road South Delaware, ON NOM 2 JO BN 15679 8764 RT SOLD TO: XY Consumer Products 687 Nottingham Park Drive London, ON N6A 418 DATE 03/19/03 INVOICE NO. 662143 TERMS Net 30 CUSTOMER NO. FFG567 DATE QTY PRICE TOTAL $ 2,471.96 Mar. 18 1 $ 2,471.96 ITEMS Gateway 700x Computer Gateway Plasma Display system 1 $ 3,126.95 $ 3,126.95 SUBTOTAL PST GST TOTAL $ 5,598.91 Exempt 391.92 $ 5,990.83 3. The following cash disbursements on account were made during March. Enter these disbursements in the proper journal. Check Vendor Name Date 2003 Mar. 10 No. Vendor No. JCS001 Amount of Check 3,210.00 1075 1076 Johnston Computer Supplies Office Products Inc. Mar. 28 OPI001 2,318.62 4. The following cash was received during March for invoices from the previous month. Enter these receipts on account in the proper journal. Date 2003 Customer Name Customer Account Number Amount of Cash Received 396.75 28,750.00 Mar. 14 Mark Mower Gerald Hemmings MM0567 GH0468 Mar. 25 5. Mark Mower paid Invoice Number 680 on March 26. Enter the receipt on account in the proper journal. Note: Be sure to record the Sales Discount 6. Record the following employees' salaries in the Payroll Journal and the Payroll Ledger for the week ended March 7, 2003. Check No. Employee Ee. No. FIT PIT CPP Gross Pay 493.24 Health Care P825 Phil Arnett A001 25.70 10.15 21.08 10.36 12.00 P826 Ken Rino A002 553.00 59.05 22.20 24.04 11.61 12.00 P827 Jean Trickett A003 488.00 46.90 17.50 20.82 10.25 12.00 7. Post the journal entries from steps I through 6 to the subsidiary ledgers. 8. Then, pay the employees on March 10.2003 from the Cash Disbursements Journal 9. Using March 31, 2003 as the journal entry date, enter the following items in the General Journal Bank charges and interest Employer's Payroll Deductions $275.00 bank interest was automatically deducted from XY Consumer Products' bank account this month. Record XY Consumer Products' share of CPP and El deductions based on the payroll in Step 7. (Calculate for only the one week of salary.) Calculation Note: El deductions are multiplied by 1.4 $2,500.00 from outstanding bank loans was automatically deducted from XY Consumer Products bank account this month. Payment on Bank Loan 10. Add and balance all the journals. 11. Post the journals to the General Ledger (using March 31 as the entry date). Note: Only selected accounts from the ledgers are provided for you. 12. Complete the Trial Balance as at March 31, 2003 by filling in the shaded areas on the Trial Balance in the Answer Sheets section and balance the Trial Balance. Please check your work carefully. If your Trial Balance does not balance, you have made an error