Accounts Payable Sub-Ledger @ 11/30/2019 (Incl. HST)

Vendor Name Terms Date Invoice # Amount

Bridgestone Tire Net 40 Nov. 16 ??BT-329 $1,356

Snowmaster Tire 2% 15, Net 45 Nov. 27 ??ST-924 3,164

Michelin Tire 1% 25, Net 60 Nov. 28 ??MT-736 2,260

Accounts Receivable Sub-Ledger @ 11/30/2019 (Inc. HST)

Customer Name Terms Date Invoice # Amount

John Bear 1% 25, Net 45 Nov. 21 ??198 $3,390

Molly Maid 1% 25, Net 45 Nov. 26 ??199 3,955

Lovely Homes 1% 25, Net 45 Nov. 29 ??200 3,616

Total $10,961

Do journal entires

13% HST ON ALL PURCHASE AND SALE

Dec 1: Complete Tire repurchased and cancelled 15,000 of its common shares @ $1.25 per share. All 100,000 common shares outstanding prior to this transaction were issued on Jan. 1, 2018, when the company commenced operations. There have been no other common share transactions since Jan. 1, 2018 (cheque 300). There is no HST paid on this transaction. Payment is made to Complete Tires broker, TD bank. Use Misc. Payment do not set up a vendor.

Dec 1: Received cheque #724 from Lovely Homes in full payment of invoice ??200, net of the available discount.

Dec 2: Paid Michelin Tire invoice ??MT-736 (cheque 301), net of the available discount.

Dec 6: Sold 4 winter tires to Your Name (you are the customer enter your first and last name),

invoice ??201, $700 plus HST. You paid by personal cheque #37. Enter this transaction as a

Misc. Receipt do not set up a new customer. Note: there are no sales discounts on cash sales.

Dec 7: Sold 12 winter tires for $200 each to Lorie Lynn on account (1% 25 Net 45), invoice ??202, $2,400 plus HST.

Dec 8: Purchased 4 winter tires for $600 plus HST from Dundas Automotive, invoice ??DA1018. Purchase terms are 3% 20, Net 60.

Dec 8: Received cheque #384 from Molly Maid in full payment of invoice ??199, net of the available discount.

December 10-11, 2019 Transactions:

Dec10: Lorie Lynn returned 2 of the winter tires purchased on Dec. 7^th. Complete Tire issues a credit note (??CN202) for the amount of $400 + HST.

Dec 11: Returned 2 winter tires for $300 plus HST, purchased from Dundas Automotive on Dec. 8th. Dundas Automotive issued credit note ??CNDA1018.

Post all unposted A/R, A/P and G/L batches

December 12-15, 2019 Transactions:

Dec 12: Paid the amount owing to Dundas Automotive on invoice ??DA1018, after return

??CNDA1018 on December 11^th(cheque 302). Check your discount carefully before posting.

Dec 12: Received full payment from Lorie Lynn (cheque 823) on invoice ??202, after return ??CNLL202 on

December 10^th, net of the available purchase discount. Check your discount carefully before posting.

Dec 13: Sold 8 winter tires to Sleep Country and performed a tire alignment on a delivery vehicle, for a total

of $1,750 + HST (Invoice ??203), which included $150 of Service Revenue (before HST).

Dec 15: Paid Receiver General - Payroll amounts owing at November 30, 2019. (cheque 303). Leave the tax group field blank. Use Misc. Payment do not set up a vendor. Invoice ??PR11302019

December 16-31, 2019 Transactions:

Dec 17: Paid the December property tax instalment of $325 to the City of Baden (Inv. ??COB1215). There

is no HST on this transaction. Leave the tax group field blank.

Issued (cheque 304) for full payment. Use Misc. Payment do not set up a vendor.

Dec 20: Paid Snowmaster Tire invoice ??ST-924 (cheque 305).

Dec 31: Paid the Receiver General the second 2019 corporate tax instalment in the amount of $1,000 (cheque 306). Total fiscal 2019 tax instalments are $2,000. Leave the tax group field blank. Use Misc. Payment do not set up a vendor.

(Inv. ??RGINSTALL2)

Dec 31: Paid monthly Bank Loan principal amount of $2,500 plus monthly interest @ 3% per annum, based

on the loan balance owing at November 30, 2019(cheque 307).

The mortgage is with TD Canada Trust. Leave the tax group field blank. Use Misc. Payment do

not set up a vendor. (Inv. ??TDBANKLOAN12)

Dec 31: Paid Receiver General the net amount of HST owing at the end of November. (cheque 308).

Leave the tax group field blank. Use Misc. Payment do not set up a vendor. (Inv.?? RGHST11)

Dec. 31 Paid the Ontario Minister of Finance the WSIB owing at the end of November. (cheque 309).

Leave the tax group field blank Use Misc. Payment do not set up a vendor. (Inv. ??OMF11)

Dec 31: Paid the employees their salaries for the month of December (cheque 310). The cheque is issued

to TD Canada Trust, as employees are paid using direct deposit. Leave the tax group field blank.

Use Misc. Payment do not set up a vendor. (Inv. ??TDPR12)

Gross Salaries $11,500.00

Income Taxes deducted 2,300.00

CPP deducted 586.50

EI deducted 186.30

Net Pay $ 8,427.20