FINAL PROJECT

NOTES

For educational companies, the Customers icon is labelled Clients, Sales Invoices are labelled as Statements and Sales or Revenues are labelled Fees.

NOTES

Global Liability Inc

Terms: net $1$

Expense account: $5080$

Payment method: Cheque

Helena's Academy is an educational institution that offers a wide range of academic programs and certifications that cater to diverse educational needs and career aspirations. Company information is as follows.

Name $-$ Helena's Academy

Address $-250$ Satchel Lane, Edmonton Alberta, T$7$F $3$B$2$

Ph No $-(780)6338201$

Fax No $-(780)6338396$

Business No $-189245053$ RC$0001$

Fiscal Year Start $-$ Jan $01,2024$

Fiscal Year End $-$ Dec $31,2024$

$1.$Enter all the information into an accounting package $($Simply Accounting and QuickBooks$)$ and create and print the identical financial statements, accounts receivable and accounts payable reports as of December $31,2024$

$2.$ Print all T$4$ Slips and all Remittances to the Receiver General $($Payroll & GST$)$ as of Dec $31,2024.$

$$ Cash Sales Invoice #$1036$

Dated Oct. $\frac{1}{24}$

$1.$

To parents of students, $$3200$ total monthly fees for after$-$school programs and $130$ total monthly fees for individual music lessons. Deposited $$5330$ to chequing account.

$$ Cash Purchase Invoice #GL$-38827$

Dated Oct. $\frac{2}{24}$

$2$

From Global Liability Inc. $($use Full Add for new supplier$),$ $$1800$ for monthly premium on a one$-$year insurance policy for school and staff. Paid by cheque #$211.$ Store as a recurring monthly entry.

Payment Cheque #$212$

Dated Oct. $\frac{5}{24}$

To Loomis Art Supplies, $$1861\mathrm{.}20$ in payment of account, including $$18\mathrm{.}80$ discount for early payment. Reference invoice #LA$-438.$

$8-1$