1. Do the Challenge Exercise 05 C5-2 Charlie's Hair Styling on page 5-373 of textbook.
   1. Rename the company to Charlies, Your Name
   2. Enter the Mar 1 to Mar 10 transactions 26 Marks
   3. Submit in Moodle the 6 reports, listed in step 4, as PDF files,

add Your name Charlies to the names of the reports 12 Marks

(I.e. Ling, Laurence, Wheelchairs - Income Statement.PDF)

Challenge Exercise 05 C5-2, Charlie's Hair Styling

COMPANY, RECEIVABLES, PAYABLES, INVENTORY & SERVICES

Charlie's Hair Sty

ling cuts ladies' and men's hair and sells hair products. Note: All haircuts and products are

subject to 13% HST. Ignore the Shipped By field.

1 > Refer to Exercise 1-1 to unzip the 05 C5-2 Hair.exe file.

2 > Open the 05 C5-2 Hair file.

3> Record and Post the following transactions for March:

Mar 1 Change the customer name "Your Actual First and Last Name" to your own name before recording

transactions.

Mar 1 Issued next cheque to pay $600.00 rent, plus HST, at 13%, to Mega Mall Ltd.

Marz Ms. noonques paid by universal credit card for 1 lacy's naircut arosu.vu. ous taxes, and 1 cowe or

regular shampoo (SG01) at $12.00, plus HST.

Mar 3 Mr. Miguel Santos used his Universal Credit Card for a man's haircut at $20.00 and a child's haircut

at $10.00, plus HST.

Mar 3 Cash sale of 2 bottles shampoo (SB01) $13.00 each and 2 bottles conditioner (CB01) $14.50 each,

plus HST, to Mrs. Kiran Kenth

Mar 5 Your First and Last Name ordered a new style hair dryer on sales order #16 at $40.00, plus HST, terms

leave blank. Item will be delivered March 13. Display the new item with the following intormaton.

Description

New Style Hair Dryer #23

Number

Selling Price

Link

Sales Other

Minimum Quantity

MarS last, plus Ht, Divery al, ar 7, Ths a new ten dechibed on Marer 5. Tams 2/10, net 30

Mare Mri paymenchased 2 boles of mousse (MBO1) at 518.00 each, plus HST. Cheque #128 received

Mar 7 Issued cheque to new vendor Flooring Specialty (address not important) for 2 galions (6 months' supply) of Heavy Duty Floor Cleaner at $125.00 per gallon, plus HST. Invoice #9682. Charge to Store Supplies.

Mar 7 Two new hair dryers were delivered by Hair Products International on Invoice #6589 at price agreed on

Purchase Order #19. The remaining dryer is back ordered and will be available in 6 days.

Mar 8

The manager called Your First and Last Name to tell them that the hair dyer arived. Received grade to edit all the contents of this PD

cheque #257 to pay for the hair dryer on Invoice #236 (Sales Order #16).

Mar 10 Mrs. Del Rosario had a haircut $30.00, and purchased 1 each of shampoo (SB01) $13.00, conditioner

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(CB20) $16.00, and mousse (MB01) $18.00, plus HST. She paid with her Universal Credit Card Mar 10 Mrs. Del Rosario returned the mousse because she decided she did not want the product at this time .Process a credit card adjustment to accept the return .

> Print the following reports:

a Income statement, year-to-date

b

Balance Sheet to March 10

c)All Journal Entries to March 10

d) Pending Purchase Orders Detail by Vendor at Mar 10

e)(Inventory & Services) Summary at Mar 10

f)(Inventory & Services) Quantity at Mar 10

provide proper instructions how to do on sage 50 2023 explain steps of each tranaction.