complete the transactions
analyze the transacations
make the journal entries
The following as a dat of the transactions for January 2022. All entries must be dated with the cornect date and document numbers Jan 2 Jan 3.Jan 4-Jan 4-Jan 5-Jan Jan Jan san Issued cheque no 682. tor January office rent paid to Cressy Lad. Invoice no 780 $3,000 plus GST (debit Rent Expense). Issued Invoice no. 501 for sale on account to MEC Sold 45 units of inventory A001 for a total e value of $3.375 plus GST (5%) PST (7). The cost of the merchandise was $1.125 Purchased 200 units of inventory item A002515 each on credits of 1/15, 16 from Suncrest Supply invoice no. 655) totaling $3.000 plus GST (5%). Received net amount of cash on account from Rain Gear $5.782. cheque no 80) within discount period Issued cheque no. 583 to pay salaries of 51.500 to Jean Paul Issued invoice no. 502 for a cash sale to Tom Shu Lid for 50 units of inventorytem As for 51.950 plus GST (5%) and 542.00 freight including GST(5%). The cost of the merchandise was $625 Crede sales retam menos CN 102 was issued to Nordstrom for 40 units of inventory tom HADC2 for Issued cheque no. 884, for invoice no.770, a purchase of office supplies from one time vendor Miter Lid, for $480 plus GST(5%) & PST(7%) Colected $175 interest revenue from Vancity Credit Union deposit code no. Issued invoice no. 504 for sale on account to The Bay of 275 units of inventory code 003 with a total real value $10.725 plus GST(5%) & PST(7%) (COGS $3.43750) Issued cheque no. 685 to pay Soly Supply $2,600 of the amount owed at Dec 31st. This payment occurred after the end of the discount period Issued cheque no. 686 in payment of account for Suncrest Supply Received a cheque from MEC chegue no. 650) in tal payment of their accounts receivable from January 2nd stund cheque no 687 to pay salary expense to Jean Paul of $2.100 Purchased fummure on crede terms of 315 noto from Beaver Corp. $1.500 plus GST (5%)& PST (7%), invece no. 175 Sold 1.200 units of Inv A003 to Rain Gear Issued invoice o SOS for a total sale of $45.500 plus GST (COGS $15.000). PST in this case is exempted as Rain Gearrthem. The terms are 210, net 30 Received 25% the account receivable due from invoice 1500 from The Bay which totaled 510,770 (cheque no 62) 7-Jan 8-Jan 11 Jan 12-Jan 18.Jan 22-Jan 23-Jan 24-Jan 25-Jon 25 Jan 30- lusund cheque no. 689 to pay utilities bill to B.C. Hydro invoice number 78, 5974 plus GST and Purchased 50 unts d'A001 for $1.250 pln GST and paid by nacing cheque re688 Marow Las Purchased clearing supplies on credit forme 2/10 3 moice no 9 from Soy Supply $180 plus GST and PST. DOOR Charing supplies expense C Reumed 25 units of damaged Inventory of temA001 Martow L. This was from the purchase made on Jan 25th PR 25 crot memo was issued by the vendorong the plus GST cash Granda sawance of $1.750 to The Bay and damm SR 4030 ore GST Purchased 200 units of inventory A3 for $12.50 each on credit 15.30 om Suncret Supply for $2.500 GST (5) chegue no 0 in payment of legal fees of $550 GSTSN) & PST advertising of $350 GST to Bastone and UN LLP Once 773) Paid interest and principle owing on the bank loan when to Vw Credit Uno Total payment was 7000 January was 585, waspad and the balance went to pay the principle on the bank loan 30- 31-Jan 31-Jan 31-Jan The following in a int of the transactions for January 2022. All entries must be dated with the correct date and 1-Jan 2.Jan 3.Jan 4-Jan 4-Jan 5-Jan 5 Jan 5 Jan Jan 7-Jan Issued cheque no 62, for January office rent paid to Cressey Lid. (invoice no 780) 53,000 plus GST (debit Rent Expense) Issued invoice no. 501 for sale on account to MEC Sold 45 units of Inventory A001 for a total sales value of $3,375 plus GST (5%)8 PST (7%). The cost of the merchandise was $1,125 Purchased 200 units of inventory item A002 at $15 each on credit terms of 1/15, 100 from Suncrest Supply invoice no. 655) totaling $3,000 plus GST (5%) Received net amount of cash on account from Rain Gear $5,782, (cheque no. 60) within discount period. Issued cheque no 603 to pay salaries of $1,580 to Jean Paul Issued invoice no. 502 for a cash sale to Tom Shu Lid. for 50 units of inventory Item WADOS for $1,950 plus GST (5%) and 542.00 freight including GST(5%). The cost of the merchandise was $625 Credit sales retum mamo u CN102 was issued to Nordstrom for 40 units of Inventory tom #ce for Issued cheque no. 684. for invoice no 770, a purchase of office supplies from one time vendor Miter Ltd, for $480 plus GST(5%) & PST7%) Colected 5175 interest revenue from Vanity Credit Union, deposit code no. 95. Issued invoice no. 504 for sale on account to The Bay of 275 unts of inventory code #A003 with a total real value $10.725 plus GST(5%) & PST(7%) (COGS $3.43750) Issued cheque no. 685 to pay Solly Supply $2,600 of the amount owed at Dec 31st. This payment Occurred after the end of the discount period. Issued cheque no. 686 in payment of account for Suncrest Supply Received a cheque from MEC (cheque no. 650) in fuit payment of their accounts receivable from January 2nd Issund cheque no. 687 to pay salary expense to Jean Paul of $2,100 Purchased future on credit terms of 3/15/60 from Beaver Corp. $1,500 plus GST (5%) & PST (7%), invoice no. 175 Sold 1,200 units of tnv RADOS to Ran Gear, issued invoice no 505 for a total retail sale of 346.800 plus GST (COGS $15,000). PST in this case is exempted as an Gear resells these items. The terms are 2/10, net 30 Received 25% the account receivable due from litivolce 1500 from The Bay which totaled $10,770 (cheque no 62) 6-Jan 11-Jan 12-Jan 18-Jan 22-Jan 23-Jan 24-Jan 25-Jan 25-Jan 25-Jan 30-Jan Issued cheque no. 689 to pay ilties bill to B.C. Hydro invoice number 78,5374 plus GST and Purchased 50 unts d A001 for $1,250 plus GST and paid by moving cheque no. 688 to Marlow Lat Purchased clearing supplies on credit forme 2/10 1/30 Invoice no. 98 from Soly Supply $180 pln OST and PST. (Debit to cleaning supplies expense account) Relumed 25 units of damaged inventory of term A001 to Marlow Lid. This was from the purchase made on Jan 25th PR 25 credit memo was issued by the vendor along with the $625 plus GST cash Granted a sallowance of $1,750 to The Bay and issued a memo na SR4030. Ignore GST Purchased 200 units of inventory toms AC03 for $12.50 each on credits 1/15/30 from Suncrest Supply for $2.500 plus OST (invoice no. 657) Issued cheque no. 000 in payment of legales of $550 plus GST5) & PST (7%) and advertising of $150 plus GST to Bartone and Liter LLP (nice no 773) Paid interest and principle owing on the bank loan with cheque no. 691 to Vancity Credit Uno Total payment was $7.000 January interest Gue was 5875, et payable was paid and the balance went to repay the principle on the bank loan 30 Jan 31 Jan 31 Jan 31-Jan 11.650.00 12.800.00 1.250.00 1.000.00 65.000.00 40,000.00 43.415.00 The Trial balance as of January 1, 2022 is as follows: Chequing Bank Account 14,830.00 Investments Accounts Receivable 30,260.00 Allowance for Doubtful Accounts Interest Receivable Prepaid Insurance 1.200.00 Office Supplies on hand 1,000.00 Inventory - Umbrellas 89,475.00 Office Furniture & Equipment 38,350.00 Accum. Amort - Fun & Equip Accounts Payable Wages & Salaries Payable Bank Loan - Current portion Corporate Taxes Payable PST Payable GST Charged on Sales GST Paid on Purchases Interest Payable Uneamed Revenue (Prepaid sales) Bank Loan Mortgage Payable Loans from Shareholders Common Shares Retained Eamings - beginning Sales Sales Returns Sales Discounts Freight Revenue Interest Revenue Miscellaneous Revenue Cost of Goods Sold Freight Expense Wages & Salaries Accounting & Legal Advertising & Promotions Bad Debts Courier & Postage Amortization Expense (Fum & Equip) Income Taxes Insurance Interest & Bank Charges Office supplies expense Property Taxes Miscellaneous Rent Repair & Maintenance Telephone Travel & Entertainment Utilities Cleaning Supplies expense 175 115.00 175.115.00 The Accounts Receivable (AR) ending Balances December 31, 2019: a) Rain Gear, S5,900; b) Nordstrom, $13,590; c) The Bay, S10,770; d) MEC, SO: The Accounts Payable (AP) ending Balances December 31, 2019: a) Solly Supply, $5,600; b) BestBuy, S7,200; c) Suncrest Supply, So; d) Beaver Corp. $0; The Inventory Ledger information is as follows: Item Unit Suggested Sales Price Quantity Cost A001 Each $75.00 210 $25.00 A002 Each 59.00 1,400 15.00 A003 Each 39.00 5,058 12.50 1-Jan 2 Jan 3-Jan 4-Jan 4-Jan 5-Jan 5-Jan 5-Jan 6-Jan 7-Jan Issued cheque no. 682, for January office rent paid to Cressey Ltd. (invoice no. 780}$3,000 plus GST (debit Rent Expense) Issued invoice no. 501 for sale on account to MEC Sold 45 units of Inventory #A001 for a total sales value of $3,375 plus GST (5%)& PST (7%). The cost of the merchandise was $1,125. Purchased 200 units of inventory item #A002 at S15 each on credit terms of 1/15, 60 from Suncrest Supply invoice no. 655) totaling $3,000 plus GST (5%). Received net amount of cash on account from Rain Gear $5,782. (cheque no. 60) within discount period Issued cheque no. 683 to pay salaries of $1,580 to Jean Paul Issued invoice no. 502 for a cash sale to Tom Shu Ltd. for 50 units of inventory item #ADO3 for $1.950 plus GST (5%) and 542.00 freight including GST(5%). The cost of the merchandise was $625 Credit sales retur memo #CN102 was issued to Nordstrom for 40 unts of Inventory tem #A002 for $2.360 plus GST (5%) & PST (7%) (COGS $625.00) Issued cheque no. 684, for invoice no.770, a purchase of office supplies from one time vendor Mater Ltd, for $480 plus GST(5%) & PST(7%), Collected $175 interest revenue from Vancity Credit Union, deposit code no. 95. Issued invoice no. 504 for sale on account to The Bay of 275 units of inventory code #A003 with a total retail value $10,725 plus GST(5%) & PST(7%) (COGS 53,437,50). Issued cheque no. 685 to pay Solly Supply $2,800 of the amount owed at Dec 31st. This payment occurred after the end of the discount period. Issued cheque no. 686 in payment of account for Suncrest Supply Received a cheque from MEC (cheque no. 650) in full payment of their accounts receivable from January 2nd Issued cheque no. 687 to pay salary expense to Jean Paul of $2.100. Purchased furniture on credit terms of 3/15/60 from Beaver Corp. S1,500 plus GST (5%) & PST (7%). Invoice no. 175 Sold 1.200 units of inv #A003 to Rain Gear. Issued invoice no, SOS for a total retail sale of $46,800 plus GST (COGS $15,000). PST in this case is exempted as Rain Gear resells these items. The terms are 2/10, net 30 Received 25% the account receivable due from invoice #500 from The Bay which totaled $10,770 (cheque no 62) 8-Jan 11-Jan 12-Jan 18-Jan 22 Jan 23-Jan 24-Jan 25-Jan Issued cheque no. 689 to pay utilities bill to B.C. Hydro invoice number 78. $374 plus GST and PST 25-Jan Purchased 50 units of A001 for $1.250 plus GST and paid by issuing cheque no. 688 to Marlow Ltd. (purchase invoice no. 25) 26 Jan Purchased cleaning supplies on credt terma 2/10 1/30, Invoice no. 96 from Soy Supply S180 plus GST and PST. (Debit to cleaning supplies expense account) 30-Jan Returned 25 units of damaged inventory of item A001 to Marlow Ltd. This was from the purchase made on Jan 25th. PR 25 credt memo was issued by the vendor along with the $625 plus GST cash 30-Jan Granted a sales allowance of S1,750 to The Bay and issued a memo no. SR 4030. Ignore GST 31-Jan Purchased 200 units of inventory items 2003 for $12.50 each on credit terms 115, 130 from Suncrest Supply for $2.500 plus GST total invoice no. 657). Issued cheque no.690 in payment of legal fees of $550 plus GST(5%) & PST (7%) and advertising of $350 plus GST to Barstone and Lister LLP (invoice no. 773) 31-Jan Paid interest and principle owing on the bank loan with cheque no. 691 to Vancity Credit Union. Total payment was $7.000 January interest due was $875, all interest payable was paid and the balance went to repay the principle on the bank loan. 31-Jan The following as a dat of the transactions for January 2022. All entries must be dated with the cornect date and document numbers Jan 2 Jan 3.Jan 4-Jan 4-Jan 5-Jan Jan Jan san Issued cheque no 682. tor January office rent paid to Cressy Lad. Invoice no 780 $3,000 plus GST (debit Rent Expense). Issued Invoice no. 501 for sale on account to MEC Sold 45 units of inventory A001 for a total e value of $3.375 plus GST (5%) PST (7). The cost of the merchandise was $1.125 Purchased 200 units of inventory item A002515 each on credits of 1/15, 16 from Suncrest Supply invoice no. 655) totaling $3.000 plus GST (5%). Received net amount of cash on account from Rain Gear $5.782. cheque no 80) within discount period Issued cheque no. 583 to pay salaries of 51.500 to Jean Paul Issued invoice no. 502 for a cash sale to Tom Shu Lid for 50 units of inventorytem As for 51.950 plus GST (5%) and 542.00 freight including GST(5%). The cost of the merchandise was $625 Crede sales retam menos CN 102 was issued to Nordstrom for 40 units of inventory tom HADC2 for Issued cheque no. 884, for invoice no.770, a purchase of office supplies from one time vendor Miter Lid, for $480 plus GST(5%) & PST(7%) Colected $175 interest revenue from Vancity Credit Union deposit code no. Issued invoice no. 504 for sale on account to The Bay of 275 units of inventory code 003 with a total real value $10.725 plus GST(5%) & PST(7%) (COGS $3.43750) Issued cheque no. 685 to pay Soly Supply $2,600 of the amount owed at Dec 31st. This payment occurred after the end of the discount period Issued cheque no. 686 in payment of account for Suncrest Supply Received a cheque from MEC chegue no. 650) in tal payment of their accounts receivable from January 2nd stund cheque no 687 to pay salary expense to Jean Paul of $2.100 Purchased fummure on crede terms of 315 noto from Beaver Corp. $1.500 plus GST (5%)& PST (7%), invece no. 175 Sold 1.200 units of Inv A003 to Rain Gear Issued invoice o SOS for a total sale of $45.500 plus GST (COGS $15.000). PST in this case is exempted as Rain Gearrthem. The terms are 210, net 30 Received 25% the account receivable due from invoice 1500 from The Bay which totaled 510,770 (cheque no 62) 7-Jan 8-Jan 11 Jan 12-Jan 18.Jan 22-Jan 23-Jan 24-Jan 25-Jon 25 Jan 30- lusund cheque no. 689 to pay utilities bill to B.C. Hydro invoice number 78, 5974 plus GST and Purchased 50 unts d'A001 for $1.250 pln GST and paid by nacing cheque re688 Marow Las Purchased clearing supplies on credit forme 2/10 3 moice no 9 from Soy Supply $180 plus GST and PST. DOOR Charing supplies expense C Reumed 25 units of damaged Inventory of temA001 Martow L. This was from the purchase made on Jan 25th PR 25 crot memo was issued by the vendorong the plus GST cash Granda sawance of $1.750 to The Bay and damm SR 4030 ore GST Purchased 200 units of inventory A3 for $12.50 each on credit 15.30 om Suncret Supply for $2.500 GST (5) chegue no 0 in payment of legal fees of $550 GSTSN) & PST advertising of $350 GST to Bastone and UN LLP Once 773) Paid interest and principle owing on the bank loan when to Vw Credit Uno Total payment was 7000 January was 585, waspad and the balance went to pay the principle on the bank loan 30- 31-Jan 31-Jan 31-Jan The following in a int of the transactions for January 2022. All entries must be dated with the correct date and 1-Jan 2.Jan 3.Jan 4-Jan 4-Jan 5-Jan 5 Jan 5 Jan Jan 7-Jan Issued cheque no 62, for January office rent paid to Cressey Lid. (invoice no 780) 53,000 plus GST (debit Rent Expense) Issued invoice no. 501 for sale on account to MEC Sold 45 units of Inventory A001 for a total sales value of $3,375 plus GST (5%)8 PST (7%). The cost of the merchandise was $1,125 Purchased 200 units of inventory item A002 at $15 each on credit terms of 1/15, 100 from Suncrest Supply invoice no. 655) totaling $3,000 plus GST (5%) Received net amount of cash on account from Rain Gear $5,782, (cheque no. 60) within discount period. Issued cheque no 603 to pay salaries of $1,580 to Jean Paul Issued invoice no. 502 for a cash sale to Tom Shu Lid. for 50 units of inventory Item WADOS for $1,950 plus GST (5%) and 542.00 freight including GST(5%). The cost of the merchandise was $625 Credit sales retum mamo u CN102 was issued to Nordstrom for 40 units of Inventory tom #ce for Issued cheque no. 684. for invoice no 770, a purchase of office supplies from one time vendor Miter Ltd, for $480 plus GST(5%) & PST7%) Colected 5175 interest revenue from Vanity Credit Union, deposit code no. 95. Issued invoice no. 504 for sale on account to The Bay of 275 unts of inventory code #A003 with a total real value $10.725 plus GST(5%) & PST(7%) (COGS $3.43750) Issued cheque no. 685 to pay Solly Supply $2,600 of the amount owed at Dec 31st. This payment Occurred after the end of the discount period. Issued cheque no. 686 in payment of account for Suncrest Supply Received a cheque from MEC (cheque no. 650) in fuit payment of their accounts receivable from January 2nd Issund cheque no. 687 to pay salary expense to Jean Paul of $2,100 Purchased future on credit terms of 3/15/60 from Beaver Corp. $1,500 plus GST (5%) & PST (7%), invoice no. 175 Sold 1,200 units of tnv RADOS to Ran Gear, issued invoice no 505 for a total retail sale of 346.800 plus GST (COGS $15,000). PST in this case is exempted as an Gear resells these items. The terms are 2/10, net 30 Received 25% the account receivable due from litivolce 1500 from The Bay which totaled $10,770 (cheque no 62) 6-Jan 11-Jan 12-Jan 18-Jan 22-Jan 23-Jan 24-Jan 25-Jan 25-Jan 25-Jan 30-Jan Issued cheque no. 689 to pay ilties bill to B.C. Hydro invoice number 78,5374 plus GST and Purchased 50 unts d A001 for $1,250 plus GST and paid by moving cheque no. 688 to Marlow Lat Purchased clearing supplies on credit forme 2/10 1/30 Invoice no. 98 from Soly Supply $180 pln OST and PST. (Debit to cleaning supplies expense account) Relumed 25 units of damaged inventory of term A001 to Marlow Lid. This was from the purchase made on Jan 25th PR 25 credit memo was issued by the vendor along with the $625 plus GST cash Granted a sallowance of $1,750 to The Bay and issued a memo na SR4030. Ignore GST Purchased 200 units of inventory toms AC03 for $12.50 each on credits 1/15/30 from Suncrest Supply for $2.500 plus OST (invoice no. 657) Issued cheque no. 000 in payment of legales of $550 plus GST5) & PST (7%) and advertising of $150 plus GST to Bartone and Liter LLP (nice no 773) Paid interest and principle owing on the bank loan with cheque no. 691 to Vancity Credit Uno Total payment was $7.000 January interest Gue was 5875, et payable was paid and the balance went to repay the principle on the bank loan 30 Jan 31 Jan 31 Jan 31-Jan 11.650.00 12.800.00 1.250.00 1.000.00 65.000.00 40,000.00 43.415.00 The Trial balance as of January 1, 2022 is as follows: Chequing Bank Account 14,830.00 Investments Accounts Receivable 30,260.00 Allowance for Doubtful Accounts Interest Receivable Prepaid Insurance 1.200.00 Office Supplies on hand 1,000.00 Inventory - Umbrellas 89,475.00 Office Furniture & Equipment 38,350.00 Accum. Amort - Fun & Equip Accounts Payable Wages & Salaries Payable Bank Loan - Current portion Corporate Taxes Payable PST Payable GST Charged on Sales GST Paid on Purchases Interest Payable Uneamed Revenue (Prepaid sales) Bank Loan Mortgage Payable Loans from Shareholders Common Shares Retained Eamings - beginning Sales Sales Returns Sales Discounts Freight Revenue Interest Revenue Miscellaneous Revenue Cost of Goods Sold Freight Expense Wages & Salaries Accounting & Legal Advertising & Promotions Bad Debts Courier & Postage Amortization Expense (Fum & Equip) Income Taxes Insurance Interest & Bank Charges Office supplies expense Property Taxes Miscellaneous Rent Repair & Maintenance Telephone Travel & Entertainment Utilities Cleaning Supplies expense 175 115.00 175.115.00 The Accounts Receivable (AR) ending Balances December 31, 2019: a) Rain Gear, S5,900; b) Nordstrom, $13,590; c) The Bay, S10,770; d) MEC, SO: The Accounts Payable (AP) ending Balances December 31, 2019: a) Solly Supply, $5,600; b) BestBuy, S7,200; c) Suncrest Supply, So; d) Beaver Corp. $0; The Inventory Ledger information is as follows: Item Unit Suggested Sales Price Quantity Cost A001 Each $75.00 210 $25.00 A002 Each 59.00 1,400 15.00 A003 Each 39.00 5,058 12.50 1-Jan 2 Jan 3-Jan 4-Jan 4-Jan 5-Jan 5-Jan 5-Jan 6-Jan 7-Jan Issued cheque no. 682, for January office rent paid to Cressey Ltd. (invoice no. 780}$3,000 plus GST (debit Rent Expense) Issued invoice no. 501 for sale on account to MEC Sold 45 units of Inventory #A001 for a total sales value of $3,375 plus GST (5%)& PST (7%). The cost of the merchandise was $1,125. Purchased 200 units of inventory item #A002 at S15 each on credit terms of 1/15, 60 from Suncrest Supply invoice no. 655) totaling $3,000 plus GST (5%). Received net amount of cash on account from Rain Gear $5,782. (cheque no. 60) within discount period Issued cheque no. 683 to pay salaries of $1,580 to Jean Paul Issued invoice no. 502 for a cash sale to Tom Shu Ltd. for 50 units of inventory item #ADO3 for $1.950 plus GST (5%) and 542.00 freight including GST(5%). The cost of the merchandise was $625 Credit sales retur memo #CN102 was issued to Nordstrom for 40 unts of Inventory tem #A002 for $2.360 plus GST (5%) & PST (7%) (COGS $625.00) Issued cheque no. 684, for invoice no.770, a purchase of office supplies from one time vendor Mater Ltd, for $480 plus GST(5%) & PST(7%), Collected $175 interest revenue from Vancity Credit Union, deposit code no. 95. Issued invoice no. 504 for sale on account to The Bay of 275 units of inventory code #A003 with a total retail value $10,725 plus GST(5%) & PST(7%) (COGS 53,437,50). Issued cheque no. 685 to pay Solly Supply $2,800 of the amount owed at Dec 31st. This payment occurred after the end of the discount period. Issued cheque no. 686 in payment of account for Suncrest Supply Received a cheque from MEC (cheque no. 650) in full payment of their accounts receivable from January 2nd Issued cheque no. 687 to pay salary expense to Jean Paul of $2.100. Purchased furniture on credit terms of 3/15/60 from Beaver Corp. S1,500 plus GST (5%) & PST (7%). Invoice no. 175 Sold 1.200 units of inv #A003 to Rain Gear. Issued invoice no, SOS for a total retail sale of $46,800 plus GST (COGS $15,000). PST in this case is exempted as Rain Gear resells these items. The terms are 2/10, net 30 Received 25% the account receivable due from invoice #500 from The Bay which totaled $10,770 (cheque no 62) 8-Jan 11-Jan 12-Jan 18-Jan 22 Jan 23-Jan 24-Jan 25-Jan Issued cheque no. 689 to pay utilities bill to B.C. Hydro invoice number 78. $374 plus GST and PST 25-Jan Purchased 50 units of A001 for $1.250 plus GST and paid by issuing cheque no. 688 to Marlow Ltd. (purchase invoice no. 25) 26 Jan Purchased cleaning supplies on credt terma 2/10 1/30, Invoice no. 96 from Soy Supply S180 plus GST and PST. (Debit to cleaning supplies expense account) 30-Jan Returned 25 units of damaged inventory of item A001 to Marlow Ltd. This was from the purchase made on Jan 25th. PR 25 credt memo was issued by the vendor along with the $625 plus GST cash 30-Jan Granted a sales allowance of S1,750 to The Bay and issued a memo no. SR 4030. Ignore GST 31-Jan Purchased 200 units of inventory items 2003 for $12.50 each on credit terms 115, 130 from Suncrest Supply for $2.500 plus GST total invoice no. 657). Issued cheque no.690 in payment of legal fees of $550 plus GST(5%) & PST (7%) and advertising of $350 plus GST to Barstone and Lister LLP (invoice no. 773) 31-Jan Paid interest and principle owing on the bank loan with cheque no. 691 to Vancity Credit Union. Total payment was $7.000 January interest due was $875, all interest payable was paid and the balance went to repay the principle on the bank loan. 31-Jan
