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4. Add account balances from the following Trial Balance: 1080 Bank: Chequing Account 1100 Bank: Credit Card 1200 Accounts Receivable 1290 Welding Supplies CHRIS'S
4. Add account balances from the following Trial Balance: 1080 Bank: Chequing Account 1100 Bank: Credit Card 1200 Accounts Receivable 1290 Welding Supplies CHRIS'S WELDING Post-Closing Trial Balance July 1, 2022 $12 150 200 5 000 900 1420 Welding Torches 3.800 1450 Computer 1500 1480 Other Welding Equipment 4 200 1500 Vehicle 9.000 1550 Shop 150 000 2100 Bank Loan $ 6.000 2200 Accounts Payable 1 600 2250 Credit Card Payable 2650 HST Charged on Services 2670 HST Paid on Purchases 2850 Mortgage Payable 3560 Chris George, Capital 1100 950 750 99.000 78 850 $187 500 $187 500 Hint: Remember to use account 1050 Test Balance for out of balance amounts. 5. Change Account Classes: Bank: Chequing Account: Change the account class to Bank and enter 201 as the next cheque number. Bank: Credit Card: Change the account class to Credit Card Receivable. Credit Card Payable: Change the account class to Credit Card Payable. Expense Group accounts: Change the account class to Expense. 6. Set up credit cards as follows: Credit Cards Accepted: Credit Card Name: Chargit Currency CAD Linked Asset Account 1100 Discount Fees: 3% Linked Expense Account: 5030 N
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