Do adjust entires

Dec 7: Sold 12 winter tires for $200 each to Lorie Lynn on account (1% 25 Net 45), invoice ??202, $2,400 plus HST.

Dec 8: Purchased 4 winter tires for $600 plus HST from Dundas Automotive, invoice ??DA1018. Purchase terms are 3% 20, Net 60.

Dec 8: Received cheque #384 from Molly Maid in full payment of invoice xx199, net of the available discount.

Post all unposted A/R, A/P and G/L batches

December 10-11, 2019 Transactions:

Dec10: Lorie Lynn returned 2 of the winter tires purchased on Dec. 7^th. Complete Tire issues a credit note (??CN202) for the amount of $400 + HST.

Dec 11: Returned 2 winter tires for $300 plus HST, purchased from Dundas Automotive on Dec. 8th. Dundas Automotive issued credit note ??CNDA1018.

Post all unposted A/R, A/P and G/L batches

447.12 G/L Acct # Complete Tire Inc. - Trial Balance - November 30, 2019 1000 Bank - Chequing 1100 Accounts Receivable 35,250.00 1150 Supplies: Garage 10,961.00 1210 3,750.00 Tires 1300 Prepaid Insurance 10,000.00 6,750.00 1500 Office and Computer Equipment 16,000.00 1510 Garage Equipment 75,000.00 1520 Building 500,000.00 1530 Land 150,000.00 3050 Accounts Payable 6,780.00 3100 HST Payable 7,120.00 3110 HST Recoverable 5,265.00 3200 Employee Income Taxes Withheld 2,300.00 3210 CPP Payable 1,173.00 3220 El Payable 235.75 3230 WSIB Payable 3400 Income Tax Payable 1,000.00 302,500.00 3500 Bank Loan 14,280.00 3600 Deferred Tax Asset/Liability 170,000.00 4000 Preferred Shares - Cumulative 75,000.00 4010 Common Shares 5,000.00 4020 Contributed Surplus 118,856.25 4100 Retained Earnings 524,380.00 4500 Sales Revenue 45,000.00 4510 Service Revenue 6,392.85 V 4520 Sales Returns 4,417.97 4530 Sales Discounts 258,993.58 5000 Cost of Goods Sold 5,500.00 5010 Cost of Services 6000 Advertising and Promotion Expense 4,400.00 6020 Insurance Expense 8,250.00 6030 Interest Expense 8,731.25 6040 Legal and Professional Fees 5,500.00 Repairs, Maintenance and Training 6050 Expense 6060 Property Taxes Expense 3,575.00 6070 Salaries Expense 126,500.00 6080 El Expense 2,869.02 6090 CPP Expense 5,916.00 6100 WSIB Expense 2,593.25 6110 Utilities Expense 4,140.95 1,273,072.12 1,273,072.12 The Bank Loan ($302,500 at November 30, 2019) matures on December 31, 2029. 11,316.25 447.12 G/L Acct # Complete Tire Inc. - Trial Balance - November 30, 2019 1000 Bank - Chequing 1100 Accounts Receivable 35,250.00 1150 Supplies: Garage 10,961.00 1210 3,750.00 Tires 1300 Prepaid Insurance 10,000.00 6,750.00 1500 Office and Computer Equipment 16,000.00 1510 Garage Equipment 75,000.00 1520 Building 500,000.00 1530 Land 150,000.00 3050 Accounts Payable 6,780.00 3100 HST Payable 7,120.00 3110 HST Recoverable 5,265.00 3200 Employee Income Taxes Withheld 2,300.00 3210 CPP Payable 1,173.00 3220 El Payable 235.75 3230 WSIB Payable 3400 Income Tax Payable 1,000.00 302,500.00 3500 Bank Loan 14,280.00 3600 Deferred Tax Asset/Liability 170,000.00 4000 Preferred Shares - Cumulative 75,000.00 4010 Common Shares 5,000.00 4020 Contributed Surplus 118,856.25 4100 Retained Earnings 524,380.00 4500 Sales Revenue 45,000.00 4510 Service Revenue 6,392.85 V 4520 Sales Returns 4,417.97 4530 Sales Discounts 258,993.58 5000 Cost of Goods Sold 5,500.00 5010 Cost of Services 6000 Advertising and Promotion Expense 4,400.00 6020 Insurance Expense 8,250.00 6030 Interest Expense 8,731.25 6040 Legal and Professional Fees 5,500.00 Repairs, Maintenance and Training 6050 Expense 6060 Property Taxes Expense 3,575.00 6070 Salaries Expense 126,500.00 6080 El Expense 2,869.02 6090 CPP Expense 5,916.00 6100 WSIB Expense 2,593.25 6110 Utilities Expense 4,140.95 1,273,072.12 1,273,072.12 The Bank Loan ($302,500 at November 30, 2019) matures on December 31, 2029. 11,316.25