ense to Stony Plain Utility Co., cheque No. 472, $364, plus GST. 30 Paid $900.00 to Vertal Rod Co., no discount, cheque No. 473. 6. Betty Cardinal runs Cardinal's Book Shop in a downtown location. As her newly hired accountant, your task is to do the following (substituting HST at 13% for GST at 5% if your instructor so directs): a. Journalize the transactions for the month of October. b. Record to subsidiary ledgers and post to the general ledger as appropriate. c. Total, rule, and cross-add the journals. d. Prepare a schedule of accounts receivable and a schedule of accounts payable as of October 31, 2016. The following is the partial chart of accounts for Cardinal's Book Shop: Assets 110 Cash 120 Accounts Receivable 135 Prepaid Rent 138 Prepaid GST/HST 180 Delivery Truck Revenue 410 Book Sales 412 Sales Returns and Allowances 414 Sales Discounts Liabilities 210 Accounts Payable 218 GST/HST Payable Cost of Goods 510 Book Purchases 512 Purchases Returns and Allowances 514 Purchases Discounts Owner's Equity 310 B. Cardinal, Capital Expenses 615 Cleaning Expense 650 Salaries Expense 2016 Oct. 1 Betty Cardinal invested $20,000 in the bookstore. 1 Paid three months' rent in advance, cheque No. 121, $2,700, plus GST. 3 Purchased merchandise from Milligan Book Company on account, $4,270, plus GST. Invoice No. 410, dated October 2, terms 2/10, n/30. 3 Sold merchandise to First City Library on account, $2,465, plus GST. Invoice No. 781, terms 2/10, n/30. Sold merchandise to District College on account, $3,160, plus GST. Invoice No. 782, terms 2/10, n/30. 8 Purchased merchandise from Milligan Book Co. on account, $2,940, plus GST. Invoice No. 415, dated October 8, terms 2/10, n/30. SPECIAL JOURNALS WITH TAXES 549 central_1 amazonaws.com st. 8 Sold merchandise to First City Library on account, $1,856, plus GST. Invoice No. 783, terms 2/10, n/30. 8 Paid cleaning service $280, plus GST, cheque No. 122. 11 District College returned merchandise that cost $312 (before GST) to Cardinal's Book Shop. Cardinal issued credit memorandum No, i to District College for $312, plus GST. 11 Purchased merchandise from Winnipeg Book Supply on account, $1,852, plus GST. Invoice No. 311, dated October 8, terms 1/15, n/60. di Paid Milligan Book Co. invoice No. 410, dated October 2, cheque No. 123. 14 Sold $2,420, plus GST, worth of book merchandise for cash. 15 Paid salaries, $920, cheque No. 124. 15 Returned merchandise to Winnipeg Book Supply in the amount of $362 plus GST. Cardinal's Book Shop issued debit memorandum No. 18 to Winnipeg Book Supply. 15 Sold merchandise for cash, $1,047, plus GST. 15 Received payment from District College, invoice No. 782 (less returned merchandise), less discount. 18 First City Library paid invoice No. 781. 18 Sold book merchandise to Rural Bookmobile Co. on account, $2,484, plus GST. Invoice No. 784, terms 2/10, n/30. 21 Purchased delivery truck on account from Suburban Auto Sales Co., $18,600, plus GST. Invoice No. 111, dated October 19 (no discount). 22 Sold merchandise to First City Library on account, $2,694, plus GST. Invoice No. 785, terms 2/10, n/30. 22 Paid Winnipeg Book Supply balance owed, cheque No. 125. 25 Sold book merchandise on account to Rural Bookmobile Co., $2,412, plus GST. Invoice No. 786, terms 2/10, n/30. 25 Purchased used book merchandise for cash, $3,200, plus GST, cheque No. 126. 28 Purchased book merchandise from Smithsonian Book Co. on account, $5,820, plus GST. Invoice No. 211, dated October 25, terms 2/10, n/30. 28 Sold merchandise for cash, $940, plus GST. 29 First City Library paid invoice No. 785, dated October 22. October 25. 29 Rural Bookmobile Co. paid invoice No. 786, dated 30 Betty invested an additional $12,000 in the business. 30 Purchased merchandise from Milligan Book Co., $3,120 plus GST. Invoice No. 436, dated October 26, terms 2/10, 31 Paid Milligan Book Co. invoice No. 436, cheque No. 127. 31 Sold merchandise to Flower & Company on account, $3,126, plus GST. Invoice No. 787, terms 2/10, n/30. n/30. cca control.1 amazonaws.com ense to Stony Plain Utility Co., cheque No. 472, $364, plus GST. 30 Paid $900.00 to Vertal Rod Co., no discount, cheque No. 473. 6. Betty Cardinal runs Cardinal's Book Shop in a downtown location. As her newly hired accountant, your task is to do the following (substituting HST at 13% for GST at 5% if your instructor so directs): a. Journalize the transactions for the month of October. b. Record to subsidiary ledgers and post to the general ledger as appropriate. c. Total, rule, and cross-add the journals. d. Prepare a schedule of accounts receivable and a schedule of accounts payable as of October 31, 2016. The following is the partial chart of accounts for Cardinal's Book Shop: Assets 110 Cash 120 Accounts Receivable 135 Prepaid Rent 138 Prepaid GST/HST 180 Delivery Truck Revenue 410 Book Sales 412 Sales Returns and Allowances 414 Sales Discounts Liabilities 210 Accounts Payable 218 GST/HST Payable Cost of Goods 510 Book Purchases 512 Purchases Returns and Allowances 514 Purchases Discounts Owner's Equity 310 B. Cardinal, Capital Expenses 615 Cleaning Expense 650 Salaries Expense 2016 Oct. 1 Betty Cardinal invested $20,000 in the bookstore. 1 Paid three months' rent in advance, cheque No. 121, $2,700, plus GST. 3 Purchased merchandise from Milligan Book Company on account, $4,270, plus GST. Invoice No. 410, dated October 2, terms 2/10, n/30. 3 Sold merchandise to First City Library on account, $2,465, plus GST. Invoice No. 781, terms 2/10, n/30. Sold merchandise to District College on account, $3,160, plus GST. Invoice No. 782, terms 2/10, n/30. 8 Purchased merchandise from Milligan Book Co. on account, $2,940, plus GST. Invoice No. 415, dated October 8, terms 2/10, n/30. SPECIAL JOURNALS WITH TAXES 549 central_1 amazonaws.com st. 8 Sold merchandise to First City Library on account, $1,856, plus GST. Invoice No. 783, terms 2/10, n/30. 8 Paid cleaning service $280, plus GST, cheque No. 122. 11 District College returned merchandise that cost $312 (before GST) to Cardinal's Book Shop. Cardinal issued credit memorandum No, i to District College for $312, plus GST. 11 Purchased merchandise from Winnipeg Book Supply on account, $1,852, plus GST. Invoice No. 311, dated October 8, terms 1/15, n/60. di Paid Milligan Book Co. invoice No. 410, dated October 2, cheque No. 123. 14 Sold $2,420, plus GST, worth of book merchandise for cash. 15 Paid salaries, $920, cheque No. 124. 15 Returned merchandise to Winnipeg Book Supply in the amount of $362 plus GST. Cardinal's Book Shop issued debit memorandum No. 18 to Winnipeg Book Supply. 15 Sold merchandise for cash, $1,047, plus GST. 15 Received payment from District College, invoice No. 782 (less returned merchandise), less discount. 18 First City Library paid invoice No. 781. 18 Sold book merchandise to Rural Bookmobile Co. on account, $2,484, plus GST. Invoice No. 784, terms 2/10, n/30. 21 Purchased delivery truck on account from Suburban Auto Sales Co., $18,600, plus GST. Invoice No. 111, dated October 19 (no discount). 22 Sold merchandise to First City Library on account, $2,694, plus GST. Invoice No. 785, terms 2/10, n/30. 22 Paid Winnipeg Book Supply balance owed, cheque No. 125. 25 Sold book merchandise on account to Rural Bookmobile Co., $2,412, plus GST. Invoice No. 786, terms 2/10, n/30. 25 Purchased used book merchandise for cash, $3,200, plus GST, cheque No. 126. 28 Purchased book merchandise from Smithsonian Book Co. on account, $5,820, plus GST. Invoice No. 211, dated October 25, terms 2/10, n/30. 28 Sold merchandise for cash, $940, plus GST. 29 First City Library paid invoice No. 785, dated October 22. October 25. 29 Rural Bookmobile Co. paid invoice No. 786, dated 30 Betty invested an additional $12,000 in the business. 30 Purchased merchandise from Milligan Book Co., $3,120 plus GST. Invoice No. 436, dated October 26, terms 2/10, 31 Paid Milligan Book Co. invoice No. 436, cheque No. 127. 31 Sold merchandise to Flower & Company on account, $3,126, plus GST. Invoice No. 787, terms 2/10, n/30. n/30. cca control.1 amazonaws.com