Canadian Law

1 . Which of the following entries would be recorded in the general receipts journal? (LO3)

a . The firm was paid $300 as a retainer by a client . b . The firm received a credit of $50 from the landlord for rent . c . The firm paid photocopies expenses to be recovered from a client . d . The firm wrote a cheque to itself from the trust account to pay for an invoice sent to the client .

e . The firm paid money out of trust to cover filing fees of $150 paid the previous week from the firm's general bank account and deposited the amount in its general bank account .

2 . What is the purpose of the general disbursements journal? (LO4)

3 . What is the benefit of maintaining a fees book? (LO2)

4 . Which columns in the fees book are posted as a total, and to which account are they posted? (LO2) 5 . Which individual items in the fees book get posted to the client's general ledger?