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 Invoice No. 678 Customer No. GH0468 Sold To: Gerald Hemmings Ship To: same 45 Conway Drive Mount Bridges, ON N0L 1S0 Ship Via: UPS F.O.B. Date: March 11, 2003 Terms: 2/10 n/30 Ordered Shipped Description Unit Price Amount 3 3 Pentium Notebooks $ 5,000.00 $ 15,000.00 Subtotal $ 15,000.00 PST 1,200.00 GST 1,050.00 Total $ 17,250.00 BN 12123 4698 RT XY Consumer Products 687 Nottingham Park Drive London, ON N6A 4V8 Invoice No. 679 Customer No. FM4568 Sold To: Fred Milsom Ship To: same 321 Laurentian Cres. Sarnia, ON N7S 4W4 Ship Via: Purolator F.O.B. Date: March 12, 2003 Terms: 2/10 n/30 Ordered Shipped Description Unit Price Amount 1 1 UJE Computer $1,380.00 $ 1,380.00 Subtotal $ 1,380.00 PST 110.40 GST 96.60 Total $ 1,587.00 BN 12123 4698 RT Basic Bookkeeping Level 1 Academy OF LEARNING Exam-4 BBK99E1/1106 Copyright 2006 LaunchLife International Inc. Steps XY Consumer Products 687 Nottingham Park Drive London, ON N6A 4V8 Invoice No. 680 Customer No. MM0567 Sold To: Mark Mower Ship To: same 67 Dundas Street London, ON N6H 3Y8 Ship Via: Pick up Date: March 17, 2003 Terms: 2/10 n/30 Ordered Shipped Description Unit Price Amount 2 2 Cabinet small $ 159.00 $ 318.00 Subtotal $ 318.00 PST 25.44 GST 22.26 Total $ 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 exempt. Vendor numbers are listed in Step 3. Final Exam Academy OF LEARNING Exam-5 BBK99E1/1106 Copyright 2006 LaunchLife International Inc. Steps Office Products Inc. SOLD TO: 740 Chestnut Street XY Consumer Products London, ON 687 Nottingham Park Drive N6A 5C7 London, ON N6A 4V8 Date: 03/04/03 BN 18795 4568 RT Invoice No. PO 99-29 Terms 2/10 n/30 Customer No. 6789-2 DATE QTY ITEMS PRICE TOTAL Mar. 03 Office Supplies $ 2,297.54 $ 2,297.54 SUBTOTAL $ 2,297.54 PST 183.80 GST 160.83 TOTAL $ 2,642.17 Basic Bookkeeping Level 1 Academy OF LEARNING Exam-6 BBK99E1/1106 Copyright 2006 LaunchLife International Inc. Steps Johnston Computer Supplies BN 15679 8764 RT SOLD TO: 444 Oxford Road South XY Consumer Products Delaware, ON 687 Nottingham Park Drive N0M 2J0 London, ON N6A 4V8 DATE 03/19/03 TERMS Net 30 INVOICE NO. 662143 CUSTOMER NO. FFG567 DATE QTY ITEMS PRICE TOTAL Mar. 18 1 Gateway 700X Computer $ 2,471.96 $ 2,471.96 1 Gateway Plasma Display system $ 3,126.95 $ 3,126.95 SUBTOTAL $ 5,598.91 PST Exempt GST 391.92 TOTAL $ 5,990.83 3. The following cash disbursements on account were made during March. Enter these disbursements in the proper journal. Date 2003 Check No. Vendor Name Vendor No. Amount of Check Mar. 10 1075 Johnston Computer Supplies JCS001 3,210.00 Mar. 28 1076 Office Products Inc. 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 Mar. 14 Mark Mower MM0567 396.75 Mar. 25 Gerald Hemmings GH0468 28,750.00 Final Exam Academy OF LEARNING Exam-7 BBK99E1/1106 Copyright 2006 LaunchLife International Inc. Steps 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. Gross Pay FIT PIT CPP EI Health Care P825 Phil Arnett A001 493.24 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 1 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 $275.00 bank interest was automatically deducted from XY Consumer Products bank account this month. Employers Payroll Deductions Record XY Consumer Products share of CPP and EI deductions based on the payroll in Step 7. (Calculate for only the one week of salary.) Calculation Note: EI deductions are multiplied by 1.4 Payment on Bank Loan $2,500.00 from outstanding bank loans was automatically deducted from XY Consumer Products bank account this month. 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.