1-68 Challenge Exercise 01 C1-2, Astrology Readings (COMPANY Review) 1 > Refer to Exercise 1-1b to unzip the 01 C1-2 Readings.exe file. 2 > Open the 01 C1-2 Readings file. The Astrology Readings is a sole proprietorship business, owned by Harriet Patel. You should record the following transactions in the General Journal (double-entry accounting). You will learn how to record some of these entries more efficiently in the RECEIVABLES and PAYABLES modules in Chapters 2A, 2B, 3A and 3B. The fiscal year is Jan 1 to Dec 31. Note: This assignment does not involve HST, which is similar to Photos Company. 3 > Record and Post the following transactions in the General Journal for the month of January using the Double-Entry method: Jan 4 Jan 4 Paid $500.00 rent for the month to Eastwood Mall Inc. Issued cheque #131. Manager advised the rent has increased to $520.00 on new lease. Reverse and correct the previous entry to the correct amount. Cheque #132 issued. Paid $50.00 to Your Town Newspaper for an advertisement in today's paper. Invoice #7622. Cheque #133 issued. Jan 4 Jan 5 Issued invoice #231 for astrology reading to YOUR name (your name in the comment line). Received your cheque #788 in the amount of $130.00. Jan 6 Issued invoice #232 for astrology reading for Sylvia Ciuciura. Received cash in the amount of $130.00 Jan 7 Paid $20.00 for special computer paper from Grand Supplies on invoice #8964. Cheque #134 or issued. Charge to Astrology Printouts Expense because it will be used by the end of the month. Jan 9 Received $43.00 telephone bill for regular service from Metro Phones. Cheque #135 issued. Jan 9 Issued invoice #233 for astrology reading for Ying Xiang. Received her cheque #465 in the amount of $120.00. Jan 26 Issued $100.00 cheque #136 to Jeremy Design Studio, for graphic design work on new advertising brochure. Received invoice #356. Jan 31 Issued invoice #234 for astrology reading for John Harwood. Received his cheque #611 in the amount of $125.00