Deposit slip (January 1) XYZCo 9564 Paper Street Winnipeg, Manitoba E5M 259 coi Date: January 1, 2014 Account No.: 9244 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Cash Cheques (re: 11,000 shares issued today) $85,000 $85.000 Total Deposits h (fol Inter-Office Memo 1 X Date: January 1, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement ides con Please write a cheque to BetaCo in the amount of $2,400. This will 13. pay for rent for the next 12 months. Thanks, Jack Tasker month (fo Purchase Order 8106 X Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 2, 2014 PO No.: 8106 Vendor: vides con Carter's Equipment 013 8054 55 Street Winnipeg, Manitoba D5S 8W3 Ship To: Techtastic Corp 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Ordered Description Total Item No. Unit Price EQU365 1 $15,600 $15,600 Equipment Estimated useful life : 10 years. Estimated residual value : $2,280. month (fo Sub- Totale $15,600 68% Carter's Equipment 8054 55 Street Winnipeg, Manitoba D5S 8W3 Invoice 6810 X Date: January 3, 2014 Invoice No.: 6810 Customer: col Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Rep: Jack Tasker PO No.: 8106 Qty Description Total Unit Price $15,600 $15,600 1 Equipment as ordered on January 2, 2014. Estimated useful life : 10 years. Estimated residual value: $2,280. (fo Sub- Total: $15,600 68% X Receipt 4439 Date: January 5, 2014 Receipt No.: 4439 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: co TrexCo Rep: Carter Stark Invoice No.: Verbal 12592 Sesame Road Winnipeg, Manitoba T2X 252 Unit Price Total Qty Description 5 Instructional seminar, per hour $75 $375 Total: $375 Paid: $375 Balance Due: $0 h (fo Invoice 2323 X Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 5, 2014 Invoice No.: 2323 Customer: = cot southC Rep: Adam Uppe PO No.: Verbal 9986 Franklin Street Winnipeg, Manitoba V8M 772 Qty Description Total Unit Price $75 $600 $75 $3,000 8 Initial consultation to determine new program requirements, per hour 40 Follow-up consultation to confirm proposed program specification, per hour 32 System wide testing on new program, per hour 8 Training on new computer software, per hour $75 $2,400 (fo $75 $600 .67% Invoice 2324 Date: January 7, 2014 Invoice No.: 2324 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: Con XYZCO Rep: Shawna Cameron PO No.: Verbal 2347 75 Avenue Winnipeg, Manitoba C2H 7X7 Qty Description Total Unit Price $75 $7,200 96 Follow-up consultation to confirm proposed program specification, per hour 56 Training on new computer software, per hour $75 $4,200 fo Sub- Total: $11,400 .67% Receipt from John's Diner X John's Diner 6959 42 Avenue Winnipeg, Manitoba 773-9744 Check #: 623357 es col 3. Server: Harold Table: 50 Date: January 13, 2014 Time: 12:57 3 Coffee 2 Steak sandwich 3 Club sandwich 9.00 26.00 24.00 Total: $59.00 Cash Received: $59.00 Thank you for dining with us! ath (fo Inter-Office Memo 2 Date: January 16, 2014 From: Jack Tasker To: Office Assistant Subject: New Hire les con Hector Mendez has accepted our job offer and will begin 13. employment with us on February 1. Please get everything ready for that date. Thanks, Jack Tasker onth (fo .67% Receipt 4441 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 19, 2014 Receipt No.: 4441 COI Customer XYZCo 2347 75 Avenue Winnipeg, Manitoba C2H 7X7 Rep: Shawna Cameron Qty Description Unit Price Total Balance forward $0 1 Invoice #2324 (on January 7, 2014) $11,400 $11,400 Total: $11,400 Paid: $11,400 (fo Balance Due: $0 Receipt 9054 Tracy's Fix-It 1638 Falton Crescent Winnipeg, Manitoba NOG 3H9 Date: January 21, 2014 Receipt No.: 9054 Customer: ides co Techtastic Corp. 013. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Rep: Jack Tasker Qty Description Unit Price Total 1 Repairs to machinery $700 $700 Total: $700 Paid: $700 Balance Due: $0 month (fa Wote that some source documents may not require an entry. Also, all bills are 67% Inter-Office Memo 3 Date: January 25, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement Do Please prepare a cheque for salaries owed to employees for the period January 1 to January 25. Thanks, Jack Tasker (fo Winnipeg Public Utilities Bill Winnipeg Public Utilities Customer Name: Techtastic Corp. 14779 34 Avenue Account No.: 438877 Winnipeg, Manitoba Service Period: 01/Jan - 26/Jan Q6X 6P1 Invoice Date: January 26, 2014 les coi Previous Charges 13. Previous balance forward $550 Payment on December 31 $-550 Total previous charges $0 Current Charges Water and sewage Natural Gas Electricity Total current charges $150 $200 $250 $600 Amount Due: $600 onth (fo 67% Receipt 4440 Date: January 29, 2014 Receipt No.: 4440 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: cot XYZCo. Rep: Stan Frey Invoice No.: Verbal 13770 Paper Crescent Winnipeg, Manitoba T9H 719 Unit Price Total Qty Description 7 Instructional seminar, per hour $75 $525 Total: $525 Paid: $525 Balance Due: $0 (fo 67% Customer Statement for Southco Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 31, 2014 Customer: sco South Co 9986 Franklin Street Winnipeg, Manitoba V8M 7Z2 Amount Balance Date Description January 1 Balance forward January 5 Invoice #2323 $0 $6,600 $6,600 Amount Due: $6,600 .67% Inter-Office Memo 4 Date: January 31, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement es cos Please prepare a cheque to pay the Winnipeg Public Utilities bill 3. received on January 26. Thanks, Jack Tasker th (fo 67% Inter-Office Memo 5 Date: January 31, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement Cos Please prepare a cheque to pay dividends of $0.29 per share to shareholders of record on today's date. Thanks, Jack Tasker (fo .67% Inter-Office Memo 6 Date: January 31, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement wvides com Please prepare a cheque to Kent's Insurance in the amount of $500. 2013 This will pay for this month's insurance expense. Thanks, Jack Tasker month (fo 66% Receipt 4438 Date: January 2, 2014 Receipt No.: 4438 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: of Sundown Co 2281 Sesame Street Winnipeg, Manitoba E9K 6V9 Rep: Bob Delgado Unit Price Total Qty Description 6 Ongoing consulting regarding security, per month. To begin immediately and end June 30, 2014. $1,200 $7,200 Total: $7,200 Paid: $7,200 fo Balance Due: $0 Part 1 [70 points) Techtastic Corp. is a small computer consulting business. The company is organized as a corporation and provides consulting services computer system installations, and custom program development Techtastic Corp, showed the following alphabetized post-closing trial balance at December 31, 2013 Account Accounts payable 44,000 Accounts receivable 33,000 Accumulated depreciation machinery 3.000 Cash 148,500 Machinery 35.000 Retained earnings 132,000 Share cap 87.500 Note: There were 17.000 shares issued and outstanding on December 31, 2013 Depreciation on the machinery is $350 per month Techtastic Corp's salaries expense is a total of 5050 per day for each work day (Monday-Friday) in the month for simplicity, please ignore all statutory holidays) OM The following source documents are from January Day Rew Hes PO 100 00 Camerames COM War Memes OM a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format ddimmm( January 15 would be 15/Jan) XM Wedar ye.com a) Analyze each of the preceding source documents and prepare joumat entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal Dates must be entered in the format ddimme ( January 15 would be 150an). General AccounExplanation Page 2 FDb Croda Croat Date FDb 85.000 25.000 Danem Date Can Cash Share Capital sued shares Prepaid Cash prepaid for rent Un Equipment + equipment.co 2.400 2.400 15,600 Cash 15.800 General Sumo Account Explanation Pagn Gja F Debit Crede Pagu GJA General Journal Account Explanation Dada F Debe Credit . Sa Deposit slip (January 1) XYZCo 9564 Paper Street Winnipeg, Manitoba E5M 259 coi Date: January 1, 2014 Account No.: 9244 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Cash Cheques (re: 11,000 shares issued today) $85,000 $85.000 Total Deposits h (fol Inter-Office Memo 1 X Date: January 1, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement ides con Please write a cheque to BetaCo in the amount of $2,400. This will 13. pay for rent for the next 12 months. Thanks, Jack Tasker month (fo Purchase Order 8106 X Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 2, 2014 PO No.: 8106 Vendor: vides con Carter's Equipment 013 8054 55 Street Winnipeg, Manitoba D5S 8W3 Ship To: Techtastic Corp 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Ordered Description Total Item No. Unit Price EQU365 1 $15,600 $15,600 Equipment Estimated useful life : 10 years. Estimated residual value : $2,280. month (fo Sub- Totale $15,600 68% Carter's Equipment 8054 55 Street Winnipeg, Manitoba D5S 8W3 Invoice 6810 X Date: January 3, 2014 Invoice No.: 6810 Customer: col Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Rep: Jack Tasker PO No.: 8106 Qty Description Total Unit Price $15,600 $15,600 1 Equipment as ordered on January 2, 2014. Estimated useful life : 10 years. Estimated residual value: $2,280. (fo Sub- Total: $15,600 68% X Receipt 4439 Date: January 5, 2014 Receipt No.: 4439 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: co TrexCo Rep: Carter Stark Invoice No.: Verbal 12592 Sesame Road Winnipeg, Manitoba T2X 252 Unit Price Total Qty Description 5 Instructional seminar, per hour $75 $375 Total: $375 Paid: $375 Balance Due: $0 h (fo Invoice 2323 X Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 5, 2014 Invoice No.: 2323 Customer: = cot southC Rep: Adam Uppe PO No.: Verbal 9986 Franklin Street Winnipeg, Manitoba V8M 772 Qty Description Total Unit Price $75 $600 $75 $3,000 8 Initial consultation to determine new program requirements, per hour 40 Follow-up consultation to confirm proposed program specification, per hour 32 System wide testing on new program, per hour 8 Training on new computer software, per hour $75 $2,400 (fo $75 $600 .67% Invoice 2324 Date: January 7, 2014 Invoice No.: 2324 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: Con XYZCO Rep: Shawna Cameron PO No.: Verbal 2347 75 Avenue Winnipeg, Manitoba C2H 7X7 Qty Description Total Unit Price $75 $7,200 96 Follow-up consultation to confirm proposed program specification, per hour 56 Training on new computer software, per hour $75 $4,200 fo Sub- Total: $11,400 .67% Receipt from John's Diner X John's Diner 6959 42 Avenue Winnipeg, Manitoba 773-9744 Check #: 623357 es col 3. Server: Harold Table: 50 Date: January 13, 2014 Time: 12:57 3 Coffee 2 Steak sandwich 3 Club sandwich 9.00 26.00 24.00 Total: $59.00 Cash Received: $59.00 Thank you for dining with us! ath (fo Inter-Office Memo 2 Date: January 16, 2014 From: Jack Tasker To: Office Assistant Subject: New Hire les con Hector Mendez has accepted our job offer and will begin 13. employment with us on February 1. Please get everything ready for that date. Thanks, Jack Tasker onth (fo .67% Receipt 4441 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 19, 2014 Receipt No.: 4441 COI Customer XYZCo 2347 75 Avenue Winnipeg, Manitoba C2H 7X7 Rep: Shawna Cameron Qty Description Unit Price Total Balance forward $0 1 Invoice #2324 (on January 7, 2014) $11,400 $11,400 Total: $11,400 Paid: $11,400 (fo Balance Due: $0 Receipt 9054 Tracy's Fix-It 1638 Falton Crescent Winnipeg, Manitoba NOG 3H9 Date: January 21, 2014 Receipt No.: 9054 Customer: ides co Techtastic Corp. 013. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Rep: Jack Tasker Qty Description Unit Price Total 1 Repairs to machinery $700 $700 Total: $700 Paid: $700 Balance Due: $0 month (fa Wote that some source documents may not require an entry. Also, all bills are 67% Inter-Office Memo 3 Date: January 25, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement Do Please prepare a cheque for salaries owed to employees for the period January 1 to January 25. Thanks, Jack Tasker (fo Winnipeg Public Utilities Bill Winnipeg Public Utilities Customer Name: Techtastic Corp. 14779 34 Avenue Account No.: 438877 Winnipeg, Manitoba Service Period: 01/Jan - 26/Jan Q6X 6P1 Invoice Date: January 26, 2014 les coi Previous Charges 13. Previous balance forward $550 Payment on December 31 $-550 Total previous charges $0 Current Charges Water and sewage Natural Gas Electricity Total current charges $150 $200 $250 $600 Amount Due: $600 onth (fo 67% Receipt 4440 Date: January 29, 2014 Receipt No.: 4440 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: cot XYZCo. Rep: Stan Frey Invoice No.: Verbal 13770 Paper Crescent Winnipeg, Manitoba T9H 719 Unit Price Total Qty Description 7 Instructional seminar, per hour $75 $525 Total: $525 Paid: $525 Balance Due: $0 (fo 67% Customer Statement for Southco Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Date: January 31, 2014 Customer: sco South Co 9986 Franklin Street Winnipeg, Manitoba V8M 7Z2 Amount Balance Date Description January 1 Balance forward January 5 Invoice #2323 $0 $6,600 $6,600 Amount Due: $6,600 .67% Inter-Office Memo 4 Date: January 31, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement es cos Please prepare a cheque to pay the Winnipeg Public Utilities bill 3. received on January 26. Thanks, Jack Tasker th (fo 67% Inter-Office Memo 5 Date: January 31, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement Cos Please prepare a cheque to pay dividends of $0.29 per share to shareholders of record on today's date. Thanks, Jack Tasker (fo .67% Inter-Office Memo 6 Date: January 31, 2014 From: Jack Tasker To: Office Assistant Subject: Cash Disbursement wvides com Please prepare a cheque to Kent's Insurance in the amount of $500. 2013 This will pay for this month's insurance expense. Thanks, Jack Tasker month (fo 66% Receipt 4438 Date: January 2, 2014 Receipt No.: 4438 Techtastic Corp. 10329 30 Avenue Winnipeg, Manitoba N3X 7V9 Customer: of Sundown Co 2281 Sesame Street Winnipeg, Manitoba E9K 6V9 Rep: Bob Delgado Unit Price Total Qty Description 6 Ongoing consulting regarding security, per month. To begin immediately and end June 30, 2014. $1,200 $7,200 Total: $7,200 Paid: $7,200 fo Balance Due: $0 Part 1 [70 points) Techtastic Corp. is a small computer consulting business. The company is organized as a corporation and provides consulting services computer system installations, and custom program development Techtastic Corp, showed the following alphabetized post-closing trial balance at December 31, 2013 Account Accounts payable 44,000 Accounts receivable 33,000 Accumulated depreciation machinery 3.000 Cash 148,500 Machinery 35.000 Retained earnings 132,000 Share cap 87.500 Note: There were 17.000 shares issued and outstanding on December 31, 2013 Depreciation on the machinery is $350 per month Techtastic Corp's salaries expense is a total of 5050 per day for each work day (Monday-Friday) in the month for simplicity, please ignore all statutory holidays) OM The following source documents are from January Day Rew Hes PO 100 00 Camerames COM War Memes OM a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format ddimmm( January 15 would be 15/Jan) XM Wedar ye.com a) Analyze each of the preceding source documents and prepare joumat entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal Dates must be entered in the format ddimme ( January 15 would be 150an). General AccounExplanation Page 2 FDb Croda Croat Date FDb 85.000 25.000 Danem Date Can Cash Share Capital sued shares Prepaid Cash prepaid for rent Un Equipment + equipment.co 2.400 2.400 15,600 Cash 15.800 General Sumo Account Explanation Pagn Gja F Debit Crede Pagu GJA General Journal Account Explanation Dada F Debe Credit . Sa