Combined Journal May 1 Dr Kuhl invested $7,000 in her practice 4 Paid rent for the month to Foster Realty , $900, cheque 1 8 Bought medical equipment from Ace Supply Company, $1,500, cheque 2 12 Bought medical supplies from Lone Co , $700, cheque 3 15 Received payment for patient services, $3,500 18 Bought additional medical supplies from Lone Company, $1,200 cheque 4 19 Dr Kuhl withdrew $1,625 for personal use, cheque 5 22 Paid Weird Als Janitoral Service, $300, cheque 6 25 Received payment for for patient services $1,900 25 Paid for postage stamps, $40 (miscellaneous expense) cheque 7 29 Paid salaries for the month , $2,400, cheque 8 29 Paid Weird Als Janitorial Service, $400, cheque 9 29 Dr Kuhl withdrew $400 for personal use, cheque 10 30 Write cheque to set up Petty Cash fund for $100 As this exercise is prior to payroll, payroll deductions will not be taken into account at this time Record transactions in the combined journal provided (13 marks) Total each column (5 marks) Prove that the journal balances and double underline each column to show that the journal for the month is complete and that it balances (2 marks) Write the ten cheques and keep a running balance for the cash account Petty Cash Set up the petty cash record for $100 and enter the following transactions into it (10 marks) July 4, paid the courier $14 50 for a collect delivery July 5, used $28 90 from petty cash to purchase pizza and soft drinks for the office team meeting July 9, purchased paper clips and staples for $8 97 July 17, spent $9 26 purchasing coffee supplies July 30, spent $4 82 purchasing fresh cookies for office How much cash will you have left on hand in the Petty Cash fund at the end of the month You will need to write a cheque to replenish Petty Cash How much will that cheque be for Write a cheque to replenish the Petty Cash fund, as necessary MOA Assignment 1 Part B Bank Reconciliation Complete the attached disbursement journal and then balance it with the Bank statement that follows Opening balance is 12,456 78 Chq 101 Rent 1800 00 Chq 102 Insurance 255 31 Chq 103 Xerox equipment rental 189 10 Pay roll Chq 104 Salah 798 49 Chq 105 Jeff 659 46 Chq 106 Rose 945 36 Chq 107 Hydro 489 83 Chq 108 Gas 156 09 Chq 109 Bell 145 00 MOH deposit 3145 22 Chq 110 Claras cleaning service 258 76 Chq 111 Office supplies 79 58 Chq 112 Canada Revenue Agency 657 46 Bank of Nova Scotia Statement Date Cheque Credit Debit Balance Feb 2 balance forward 12456 78 Feb 3 cheque 102 255 31 12201 47 Feb 5 cheque 101 1800 00 Feb 7 cheque 104 798 49 9602 98 Feb 9 cheque 103 189 10 9413 88 Feb 12 cheque 108 156 09 9257 79 Feb 19 deposit 3145 22 12403 01 Feb 20 cheque 105 659 46 11743 55 Feb 21 cheque 106 945 36 10798 19 Feb 24 cheque 099 156 09 10642 10 Feb 26 Debt repayment 800 00 9842 10 Feb 26 fees 15 00 9827 10

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Combined Journal

May
1	Dr. Kuhl invested $7,000 in her practice
4	Paid rent for the month to Foster Realty , $900, cheque #1
8	Bought medical equipment from Ace Supply Company, $1,500, cheque #2
12	Bought medical supplies from Lone Co., $700, cheque #3
15	Received payment for patient services, $3,500
18	Bought additional medical supplies from Lone Company, $1,200 cheque #4
19	Dr. Kuhl withdrew $1,625 for personal use, cheque#5
22	Paid Weird Als Janitoral Service, $300, cheque #6
25	Received payment for for patient services $1,900
25	Paid for postage stamps, $40 (miscellaneous expense) cheque #7
29	Paid salaries for the month , $2,400, cheque #8 *
29	Paid Weird Als Janitorial Service, $400, cheque #9
29	Dr. Kuhl withdrew $400 for personal use, cheque #10
30	Write cheque to set up Petty Cash fund for $100

*As this exercise is prior to payroll, payroll deductions will not be taken into account at this time.

Record transactions in the combined journal provided (13 marks).
Total each column (5 marks)
Prove that the journal balances and double underline each column to show that the journal for the month is complete and that it balances (2 marks).
Write the ten cheques and keep a running balance for the cash account.

Petty Cash

Set up the petty cash record for $100 and enter the following transactions into it. (10 marks)

July 4, paid the courier $14.50 for a collect delivery
July 5, used $28.90 from petty cash to purchase pizza and soft drinks for the office team meeting
July 9, purchased paper clips and staples for $8.97
July 17, spent $9.26 purchasing coffee supplies.
July 30, spent $4.82 purchasing fresh cookies for office

How much cash will you have left on hand in the Petty Cash fund at the end of the month? _______

You will need to write a cheque to replenish Petty Cash. How much will that cheque be for? ____ Write a cheque to replenish the Petty Cash fund, as necessary.

MOA Assignment #1: Part B

Bank Reconciliation:

Complete the attached disbursement journal and then balance it with the Bank statement that follows

Opening balance is: 12,456.78

Chq #101 Rent 1800.00

Chq #102 Insurance 255.31

Chq #103 Xerox equipment rental 189.10

Pay roll

Chq #104 Salah 798.49

Chq #105 Jeff 659.46

Chq #106 Rose 945.36

Chq #107 Hydro 489.83

Chq #108 Gas 156.09

Chq #109 Bell 145.00

MOH deposit 3145.22

Chq #110 Claras cleaning service 258.76

Chq #111 Office supplies 79.58

Chq #112 Canada Revenue Agency 657.46

Bank of Nova Scotia Statement