CHAPTER $12\mathrm{.}2$

Ex$.1-$ A list of transactions appears below. From the list, select and record those transactions that would be recorded in the cash paymets journal. Ignore GST$.$

Once transactions are posted, cross$-$balance the journal.

Transactions April

$1$ The owner, Patricia Sopinka, incrased her equity in the business by deposition her personal cheque for $$1,000$ in the business bank account.

$2$ Issued cheque No$.40$ to J$.$ Chekov for the cash purchase of supplies, $$155\mathrm{.}15$

$3$ Issued sales invoice No$.70$ to M$.$ Kosir for the sale of merchandise of $$180$ plus PST of $7\%$

$5$ Received a purchase invoice from Sue Brown Manufacturing for the purchase of merchandise, $$791\mathrm{.}80$

$8$ Issued cheque No$.41$ to Chong Supply Co$.$ for the purchase of merchandise, $$342\mathrm{.}40$

$9$ Received a cheque from Carol Padovik on account, $$350$

$10$ Issued cheque No$.42$ to Municipal Hydro for the cash purchase of electricity for one month, $$78$

$12$ Received a purchase invoice from District Supply for the purchase of supplies, $$450\mathrm{.}47$

$15$ Issued cheque No$.43$ to Sharon Maki Wholesale on account, $$750$

$17$ Issued sales invoice No$.71$ to Carole's Catering for the sale of merchandise of $$250$ plus PST of $7\%$

$19$ Received a debit memo form the bank for serivce charges for one month, $$54$

$22$ Received a memo from the owner stating that she had collected $$200$ on account from P$.$ Walker, but had kept the money for personal use

$24$ Cash sales slip No$.72$ was issued for the cash sale of merchandise, $$85$ plus PST of $$5\mathrm{.}95$

$25$ Issued cheque No$.44$ for the cash pyment of the telephone bill for one month, $$45$

$30$ Issued cheque No$.45$ to Project Inc. on account, $$1,000$