CHAPTER 14 Payment Cheque #228 Dated September 7/21 13 To Kenaki Keyboards, V2 656 534 in payment of account including V54 215 discount for early payment. Reference invoices #KK-6165 and #KK-8577. The exchange rate is 0.01195. Memo #3 Dated September 7/21 14 From Owner: Transfer V2 500 000 from Chequing Bank Account to Bank Account: Yen to avoid overdraft. The exchange rate is 0.01 195. SESSION DATE - SEPTEMBER 14, 2021 Memo #4 Dated September 8/21 15 From Owner: Adjust inventory for one KB-01 Electronic Piano P-81 damaged beyond repair. Charge to Damaged Inventory account. Credit Card Purchase Invoice #QA-197 Dated September 10/21 16 From Quik-Ads (use Quick Add), $400.00 plus $20.00 GST and $39.90 QST for promotional cards and flyers to advertise new studio space and lessons. Purchase invoice total $459.90 paid in full by Amex credit card. Cash Purchase Invoice #EQ-979784 Dated September 13/21 17 From Energie Quebec, $310.00 plus $15.50 GST and $30.92 QST for hydro service for one month. Purchase invoice total $356.42 paid in full by cheque #429. Sales Invoice #472 Dated September 13/21 18 To L'Eglise Ste Agathe 2 KB-04 Electronic Piano P-422 $4 220.00 each 1 KB-07 Electronic Organ 6 200.00 2 AA-04 Amplifier JX-340 1 640.00 each 3 AC-03 Piano Bench: padded 100.00 each Delivery 100.00 Goods and Services Tax 5.0% Quebec Sales Tax 9.975% Terms: 2/10, net 30. Edit the selling price of ACO3. The price was reduced because the bench legs were scratched. Debit Card (Interac) Sales Invoice #473 Dated September 14/21 To Marie Broussard (use Continue) 1 KB-10 Synthesizer SY-40 $4 000.00 1 AC-03 Piano Bench: padded 140.00 Goods and Services Tax 5.0% 207.00 Quebec Sales Tax 9.975% 412.97 Invoice total paid by Interac $4 759.97 Sales Invoice #474 Dated September 14/21 To Marie Broussard (use Quick Add), $50.00 plus $2.50 GST and $4.99 QST for delivery of sofa. Sales invoice total $57.49. Terms: net 10. Receipt #44 Dated September 14/21 From Les Scarabees, cheque #367 for $12 901.75 in payment of account including $228.40 discount for early payment. Reference invoice #471. Credit Card Purchase Invoice #QD-980 Dated September 14/21 From Quickie Delivery Service (use Quick Add), $100.00 plus $5.00 GST and $9.98 QST for delivery of keyboard to Marie Broussard. Purchase invoice total $114.98 paid in full by Amex. (Charge to Delivery Expense.)2400 ch. Ste-Foy Telephones N Sainte-Foy, Quebec (514) 529-6391 Ch GIV IT2 Soundnc. Faxt To An In Date: (514) 529-7622 automat September 28/21 To: order q Academie des Arts (Felice Harmonique) Quantity 400 rue des Art you pos Quebec, QC GIV 0A6 to gen Invoice #476 autom Description Refer Qty Price Total KB-02 Electronic Piano P-125 KB-03 Electronic Piano P-259 1130 1130.00 KB-04 Electronic Piano P-422 2240 2240.00 KB-09 Synthesizer SY-25 3970 3970.00 AA-04 Amplifier JX-340 2130 2130.00 AC-03 Piano Bench: padded 1490 1490 .00 AC-08 Headphones: studio 120 240 .00 165 660.00 AC-11 Headphones: 2-person shared 1 530 530.00 AC-15 Keyboard Stand: adjustable 2 215 430.00 Quote partially filled Balance of quote converted to order #172 Ref: sales quote #172 RC 7/28/21 Sale Terms: 2/10, n/30 Delivery N/C GST # 236 412 540 GST 5.0% 641.00 OST # 3344992 OST 9.975% 1278 . 81 Total 14739 . 81 Visa Sales Summary: Invoice #477 Dated September 29/21 To One-time customers 2 KB-01 Electronic Piano P-81 $ 810 each $ 1 620.00 2 KB-06 Keyboard K55 550 each 1 100.00 1 KB-09 Synthesizer SY-25 2 530 2 530.00 4 AA-02 Amplifier JX-240 610 each 2 440.00 30 AC-01 Sheet Music: miscellaneous 30 /sheet 900.00 15 AC-02 Music Book: miscellaneous 90 /book 1 350.00 2 AC-04 Piano Stool: adjust/fold/lock 165 / stool 330.00 4 AC-06 Music Stand: folding 65 /stand 260.00 8 AC-08 Headphones: studio 180 /set 1 440.00 3 AC-12 Cables: miscellaneous 2 m 20 each 60.00 3 AC-14 DVD: Keyboard Techniques 640 /4 DVD set 1920.00 4 AC-15 Keyboard Stand: adjustable 240 /stand 960.00 20 SL-01 Keyboard Lessons: half hour 80 /30 min 1 600.00 20 SL-02 Composition Lessons: half hour 90 /30 min 1 800.00 600.00 Delivery total 5.0% 945.50 Goods and Services Tax 1 886.30 Quebec Sales Tax 9.975% $21 741.80 Invoice summary total paid by Visa Credit Card Purchase Invoice #PD-304 Dated September 30/21 From Papineau Delivery, $580.00 plus $29.00 GST and $57.86 QST for contracted delivery to customers. Purchase invoice total $666.86 paid in full by Amex. Bank Debit Memo #643177 Dated September 30/21 From Bank of Montreal, $70 for bank service charges for one month and $1 700 for mortgage payment that included $1 120 interest and $580 principal.BANDS Telephone: 29 2400 ch. Ste-Foy (418) 529-6391 Sainte-Fay, Quebec Fax: GIV IT2 Soundnc (418) 529-7622 Date: September 22/21 To be delivered: September 28/21 From: Academie des Arts (Felice Harmonique) 400 rue des Arts QUOTE# 172 Quebec, OC GIV OAG Description Oty Price Total KB-02 Electronic Piano P-125 1130 1130.00 KB-03 Electronic Piano P-259 2240 6720.00 KB-04 Electronic Piano P-422 3970 11910.00 KB-09 Synthesizer SY-25 2130 2130.00 AA-04 Amplifier JX-340 1490 1490.00 AC-03 Piano Bench: padded 120 240.00 AC-08 Headphones: studio 165 990.00 AC-11 Headphones: 2-person shared 530 530.00 AC-15 Keyboard Stand: adjustable A 215 860.00 Telephone request for quote 9/22/21 RC Sale Terms: 2/10, n/30 Delivery N/C GST # 236 412 540 GST 5.0% 1300.00 QST # 3344992 QST 9.975% 2593.51 Total 29893.51 Purchase Invoice #ME-9611 Dated September 22/21 30 From Minami Electronics 3 AA-04 Amplifier JX-340 *246 000 5.0% duty Delivery 15 000 Goods and Services Tax 13 050 Quebec Sales Tax 26 035 Invoice total V300 085 Terms: 1/5, n/30. The exchange rate is 0.01185. Duty ($145.76) *12 300 Memo #5 Dated September 23/21 31 From Owner: Pay import duties owing to the Receiver General. Issue chequ #432 for $145.76 in full payment of duty owing. Memo #6 Dated September 25/21 32 From Owner: Adjust sales invoice #474. The invoice was entered with the o rate for delivery. She was actually charged the correct amount of $100 plus GST and $9.98 QST. The invoice total was $114.98. Terms: net 10. Receipt #47 Dated September 25/21 33 From Marie Broussard, cheque #318 for $114.98 in payment of account. Reference invoice #474. Payment Cheque #229 Dated September 25/21 34 To Minami Electronics, v297 084 in payment of account including V3 001 discount for early payment. Reference invoice #ME-9611. The exchange rate 0.01192.CHAPTER 14 Memo #7 Dated September 30/21 39 From Owner: Make adjusting entries for September. Office supplies used $ 75 Other supplies used 50 Prepaid insurance expired 435 Bank Credit Memo #46234 Dated September 30/21 40 From Bank of Montreal, $488 interest earned on investment securities and $10 interest on bank account. Both amounts were deposited to chequing account. MasterCard Sales Summary: Invoice #478 Dated September 30/21 41 To One-time customers 4 KB-01 Electronic Piano P-81 $ 810 each $ 3 240.00 KB-05 Keyboard K35 350 each 1 050.00 3 KB-08 Synthesizer SY-16 1 670 each 5 010.00 4 AA-01 Amplifier JX-120 230 each 920.00 25 AC-01 Sheet Music: miscellaneous 30 /sheet 750.00 15 AC-02 Music Book: miscellaneous 90 /book 1 350.00 3 AC-05 Music Stand: keyboard 110 /stand 330.00 6 AC-09 Headphones: closed 380 /set 2 280.00 4 AC-12 Cables: miscellaneous 2 m 20 each 80.00 3 AC-14 DVD: Keyboard Techniques 640 /4 DVD set 1 920.00 4 AC-15 Keyboard Stand: adjustable 240 /stand 960.00 20 SL-01 Keyboard Lessons: half hour 80 /30 min 1 600.00 20 SL-02 Composition Lessons: half hour 90 /30 min 1 800.00 Delivery 400.00 Goods and Services Tax 5.0% 1 084.50 Quebec Sales Tax 9.975% 2 163.58 Invoice summary total paid by MasterCard $24 938.08 Memo #8 Dated September 30/21 From Owner: Issue cheque #433 for $435 - the premium for one month - to Quebecare Insurance Co. in partial payment of invoice #QI-7711. Repeat the entry three times to make the remaining payments for 2021 with postdated cheques. Issue cheques #434 to #436, dated October 31, November 30, and December 31. Memo #9 Dated September 30/21 From Owner: Trevi Clef-bas earned $4 500 in commissions on her share of sales in September. Issue cheque #437 to pay her commissions. pdating Budgets hanging Budget Amounts idget amounts can be updated if needed based on feedback from earlier budgete available. SOURCE DOCUMENTS SESSION DATE - SEPTEMBER 7, 2021 2400 ch. Ste-Fay Telephone: GIV 172 Soundnc. (418) 529-6391 Sainte-Foy, Quebec Fax (418) 529-7622 Date: September 2/21 To be delivered: September 15/21 For: Helena's Academy (Helena Teutor) 250 Satchel Lane Edmonton, AB T7F 3B2 QUOTE #171 Description Qty Price Total KB-02 Electronic Piano P-125 1130 3390.00 KB-03 Electronic Piano P-259 2240 2240.00 KB-04 Electronic Piano P-422 3970 7940.00 AA-02 Amplifier JX-240 560 560.00 AC-03 Piano Bench: padded 120 480.00 AC-04 Piano stool: adjust/fold/lock 150 300.00 AC-10 Headphones: noise cancelling 380 1520.00 AC-11 Headphones: 2-person shared 530 1060.00 AC-12 Cables: miscellaneous 2 m 18 72.00 Sale Terms: 2/10, n/30 Delivery 100.00 GST # 236 412 540 GST 5.0% 883. 10 OST # 3344992 OST 9.975% N/A Prices quoted will remain valid for 15 days Total 18545. 10 Memo #1 Dated September 2/21 2 From Owner: Convert sales quote #171 to sales order #171. Helena's Academy provided deposit #61 for $3 500 with cheque #933. Other quote details are unchanged. Purchase Quote #224 Dated September 2/21 3 Policy start date September 5/21 From Quebecare Insurance Co. (use Quick Add), $5 220 for a one-year extension of business insurance policy. Terms: first two months' premium required as deposit on acceptance of quote. Balance is payable in 10 equal monthly payments. Enter 1 (one) as the quantity ordered and debit Prepaid Insurance. Receipt #43 Dated September 2/21 4 From Conservatoire Royale, cheque #8123 for $6 778.50 in payment of account, including $120 discount for early payment. Reference invoice #468.SION DATE - SEPTEMBER 21, 2021 2400 ch. Ste-Foy Telephone: Sainte-Foy, Quebec GIV 172 Soundnc. (418) 529-6391 Fax (418) 529-7622 Date: September 15/21 To: Helena's Academy (Helena Teutor) 250 Satchel Lane Edmonton, AB T7F 382 Invoice #475 Description Price Total KB-02 Electronic Piano P-125 1130 KB-03 Electronic Piano P-259 3390.00 2240 2240.00 KB-04 Electronic Piano P-422 3970 7940.00 AA-02 Amplifier JX-240 560 560.00 AC-03 Piano Bench: padded 120 480.00 AC-04 Piano stool: adjust/fold/lock 150 300.00 AC-10 Headphones: noise cancelling 380 1520.00 AC-11 Headphones: 2-person shared 530 1060.00 AC-12 Cables: miscellaneous 2 m 18 72.00 Ref: quote/order #171 and deposit #61 Less deposit (3500.00) Sale Terms: 2/10, n/30 Delivery 100.00 GST # 236 412 540 GST 5.0% 883-10 OST # 3344992 QST 9.975% N/A Balance 15045 . 10 Purchase Invoice #HE-7522 Dated September 18/21 From Hull Electronics 10 AC-08 Headphones: studio $1 050.00 10 AC-10 Headphones: noise cancelling 2 400.00 6 AC-14 DVD: Keyboard Techniques 2 550.00 Goods and Services Tax 300.00 Quebec Sales Tax 598.50 Invoice total $6 898.50 Terms: 2/5, n/30. Credit Card Bill #AM-09-21 Dated September 19/21 From American Express (Amex), $1 502.31 for new purchases as of the billing date, September 13, plus $40.50 monthly fee. Issued cheque #430 for $1 542.81 in total payment to avoid interest charges. Cash Purchase Invoice #T-82612 Dated September 20/21 From Telebec, $305.00 plus $15.25 GST and $30.42 QST for store and mobile telephone service. Purchase invoice total $350.67 paid in full by cheque #431. Dated September 21/21 Receipt #45 From L'Eglise Ste Agathe, cheque #1021 for $20 697.03 in payment of account including $366.40 discount for early payment. Reference invoice #472. Dated September 21/21 Receipt #46 From Helena's Academy, cheque #1108 for $14 691.86 in payment of account including $353.24 discount for early payment. Reference invoice #475 andSOUND, INC. - BUDGETING Purchase Order #224 & Cheque #426 Dated September 2/21 5 Convert purchase quote #224 from Quebecare Insurance Co., $5 220 for a one-year extension of business insurance policy, to a purchase order. Issue prepayment cheque #426 for $870 as deposit to confirm the order. Payment Cheque #427 Dated September 3/21 6 To Hull Electronics, $6 700.26 in payment of account, including $136.74 discount for early payment. Reference invoice #HE-387. Edit the cheque number. Purchase Invoice #Q1-7711 Dated September 3/21 7 From Quebecare Insurance Co., to fill purchase order #224, $5 220 for a one- year extension of business insurance policy. The balance of the premium is due in 10 equal monthly payments. Purchase Invoice #KK-8577 Dated September 4/21 From Kenaki Keyboards (add new inventory item) 10 AC-15 Keyboard Stand: adjustable 90 000 8.0% duty 2 KB-02 Electronic Piano P-125 100 000 6.0% duty 6 KB-04 Electronic Piano P-422 960 000 6.0% duty 2 KB-07 Electronic Organ 580 000 6.0% duty 6 AC-03 Piano Bench: padded 48 000 9.5% duty Delivery 30 000 Goods and Services Tax 90 400 Quebec Sales Tax 180 349 Invoice total V2 078 749 Terms: 2/10, n/30. The exchange rate is 0.0119. Duty ($1 310.90) *110 160 New inventory items Prices Number Description Unit Min Reg (Pref.) AC-15 Keyboard Stand: adjustable stand 4 $240 ($215) Linked Accounts: Asset 1360 Revenue 4020 Cost of Goods Sold 5300 Variance 5310 Taxes: GST exempt No QST exempt No Duty Rate 8.0% Credit Card Purchase Invoice #A-1141 Dated September 4/21 9 From Antoine's Hardware Store (use Quick Add for the new supplier), $70.00 plus $3.50 GST and $6.98 QST for computer screen cleaning kit (office supplies). Purchase invoice total $80.48 paid in full by Amex credit card. Credit Card Purchase Invoice #PD-211 Dated September 5/21 10 From Papineau Delivery, $280.00 plus $14.00 GST and $27.93 QST for contracte delivery of merchandise. Purchase invoice total $321.93. Paid in full by Amex. Sales Invoice #471 Dated September 6/21 11 To Les Scarabees 2 KB-10 Synthesizer SY-40 $4 000.00 each 1 AA-04 Amplifier JX-340 1 640.00 2 AC-07 Keyboard Travel Bag 160.00 each 2 AC-11 Headphones: 2-person shared 580.00 /set 4 AC-13 Cables: miscellaneous 4 m 50.00 each Delivery 100.00 Goods and Services Tax 5.0% Quebec Sales Tax 9.975% Terms: 2/10, net 30. Memo #2 Dated September 6/21 12 From Owner: Pay import duties owing to the Receiver General. Issue cheque #428 for $1 550.90 in full Day